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countrywide mortgageCNN Money - Exposure to homebuilders and troubled mortgage lender Countrywide Financial, meanwhile, have weighed on the fund. And while owning fewer stocks helped fuel Miller's streak when his picks were beating the market, the highly concentrated fund has ... Read more
Bill Miller fights backBusinessWeek - Countrywide wrongly applied one 2005 mortgage payment after the bankruptcy filing to Parsley's pre-filing debt, and failed to credit him for another payment. Read more
Judge: Countrywide errors not bad faithMiami Herald - Troubled mortgage lender Countrywide Home Loans has come under fire for its actions in bankruptcy court in South Florida. Six South Florida homeowners who had filed for bankruptcy allege in a lawsuit filed last month that the lender illegally ... Read more
Lawsuits add to Countrywide's troublesFinancial Times - The combination of Bank of America, the nation’s largest bank by deposits, and Countrywide, the largest mortgage lender, may create a holding company with a share of deposits over the legal limit prescribed by the Riegle-Neal Interstate Banking Act Read more
Countrywide-Bank of America: Fed review seen as focused on asset ... Reuters - NEW YORK, March 4 (Reuters) - The United States Trustee has filed a new lawsuit against Countrywide Financial Corp's (CFC.N: Quote , Profile , Research ) main lending unit, accusing the largest U.S. mortgage lender of abusing the bankruptcy process ... Read more
U.S. files new lawsuit against CountrywideMotley Fool - That deal may be critical for Countrywide's survival. Recent headwinds for rival mortgage lender Thornburg Mortgage (NYSE: TMA ) have led to bankruptcy chatter for lenders who just can't keep up with the daily bashings and continuing sour debt market. Read more
Clouds Gather Over CountrywideForbes - Countrywide is among the dozens of mortgage lenders that have battled a spike in mortgage defaults and foreclosures, especially in subprime loans. Read more
Banks willing to rework mortgagesBaltimore Sun - He said mortgage lenders that own appraisal companies - such as Wells Fargo & amp; Co. and Countrywide Financial Corp. - may have to spin off those divisions because of new prohibitions against in-house appraisals. Read more
Cuomo, mortgage giants settleSacramento Business Journal - ... see even less likelihood that BofA's purchase of Countrywide will be thrown off track given the headaches regulators will have to take on if they're forced to clean up the troubled mortgage lender. BofA (NYSE: BAC) anticipates the Countrywide (NYSE: Read more
Fed hearings requested on BofA's purchase of CountrywideLos Angeles Business Journal - More than $87 billion of Countrywide’s entire mortgage investment portfolio is backed by loans in California or Florida – the two states that have seen skyrocketing foreclosure rates over the past few months. Read more
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