Posts tagged as:

investors sue countrywide

Investors Prove Countrywide Lawsuit 100% Valid

by Moe Bedard

The facts are the facts. I am not going to add much commentary to this damaging blog post because it is what it is. All I know is Angelo (Ex-Countrywide CEO) is gonna have some explaining to do to Mr.  Lewis (CEO for Now of B of A) over some egg nog and whiskey.

Here are links, facts, data and concrete [...]

Read the full article →

Bill Frey and his investors will be OK. But BofA may have their day…

by Moe Bedard

“Bill Frey of Greenwich Financial – Countrywide worked out an arrangement with fifteen state attorney generals for fraudulent lending practices and they’re handing the bill to bondholders. They plead guilty and they cut a deal on hundreds of thousands of fraudulent loans that they made.
I am for loan modifications, but just not based only [...]

Read the full article →

Countrywide $122 Billion Mortgage Pool May Drown Bank of America

by Moe Bedard

“The loan modification buy back clause is on a secret Countrywide loan pool in which $122 billion worth of mortgages sold to investors from early 2004 to April of this year. The problem with the clause is that they are policing themselves and no one is watching!”
Putting cherry red lip stick and doing major cosmetic surgery [...]

Read the full article →

Investors Sue Countrywide and B of A is Surprised

by Moe Bedard

Investors filed a lawsuit in New York State Supreme Court in Manhattan on Monday over the recent predatory lending settlement that Countrywide parent, Bank of America had agreed to in October with 11 state attorney generals.
The lawsuit was filed by Greenwich Financial Services Distressed Mortgage Fund 3 LLC and QED LLC, two Connecticut limited [...]

Read the full article →