Countrywide | InjuryBoard Los Angeles

Bank of America, which purchased Countrywide Financial over the summer, will help almost 125,000 Californians who are struggling with pay option arm loans originated by Countrywide. The move that...

Continue article

From USA Today: Nearly 400,000 homeowners will be able to have their mortgages made more affordable under an agreement Monday by Bank of America to modify mortgages originated by Countrywide...

Continue article

John McCain and Sarah Palin gave their opinions on the federal government's takeover of Fannie Mae and Freddie Mac, yesterday, in the Wall Street Journal. Here are a few of the pair's stances: "The...

Continue article

The Hope Now coalition released information yesterday that finds prime foreclosure starts have finally moved ahead of subprime foreclosure starts for the first time since the industry coalition...

Continue article

CNNMoney.com published an article today that reiterates a point I brought up three months ago in a blog titled, "The Next Mortgage Crisis: Prime Borrowers." CNN's article relates how more borrowers...

Continue article

Bank of America, which acquired Countrywide in July, said in a regulatory filing yesterday that the Securities and Exchange Commission was conducting a formal inquiry of the lender and that it had...

Continue article

Another state is accusing Countrywide Financial of mortgage fraud. Connecticut joined California, Florida and Illinois among the states that have sued Countrywide, which was responsible for one in...

Continue article

In 2007, mortgage brokers and loan officers received huge payouts by lenders like Countrywide, Bear Stearns and IndyMac to put unsuspecting borrowers into expensive loans (supbrime, ALT-A., etc.),...

Continue article

The Southern California housing market has been crushed over the last seven months, as foreclosure rates continue to soar and home prices further depreciate. The City of San Diego, in an effort to...

Continue article

Countrywide Financial Corp. was accused in a lawsuit, filed by California officials, of making risky loans to people who couldn't afford them. One in five mortgages went bad because of these...

Continue article

IndyMac, in a securities filing late Monday, said that is is working with U.S. regulators on a plan to shore up the company's safety and soundness. However, other than their statements on raising...

Continue article

There has been a sharp increase in economic pessimism over the last year, and three out of four Americans blame President Bush for ushering in one of the more turbulent economic periods,...

Continue article

Two subsidiaries of the Swiss bank UBS, earlier today, were accused of misleading investors about how safe auction rate securities were. The complaint was filed by William Galvin, Massachusetts' top...

Continue article

California Attorney General Jerry Brown filed a complaint today in Los Angeles state court claiming that Countrywide Chief Executive Officer Angelo Mozilo and a unit specializing in loans to...

Continue article

A House staffer told Examiner.com, demanding anonymity, that the Dodd-Shelby Senate housing bill is beginning to be referred to as the "Bank of America bill on steroids." The Dodd-Shelby bill (Sen....

Continue article