Topic: Countrywide Financial Corporation
" It exposes whoremongering Wall Street traders, economic consultants who lie on their resumes and Hank Paulson's conflicts.. Because the Reagan administration - "supported by economists and financial lobbyists" - started a 30-year regulatory vacation that fomented unparalleled "greed and immorality" on ...
Obama's mortgage modification plan, HAMP (Home Afforable Modification Program), isn't working very well. Countrywide Home Loans (which is now part of Bank of America) has been the subject of proceedings in several bankruptcy courts because of the shoddy recordkeeping behind their claims ...
WASHINGTON (Reuters) - A U.S. Senate panel dismissed ethics charges against two powerful Democrats Friday but said the lawmakers should have exercised greater care in their personal dealings with Countrywide Financial Corp.Senators Chris Dodd and Kent Conrad committed no ethical violations in ...
Conrad and Dodd informed they were getting VIP home loan dealsTwo influential Senate committee chairmen were told they were getting special VIP deals when they applied for mortgages, an official who handled their loans told Congress in closed-door testimony. Christopher Dodd and ...
The Boom-Time Bums These operators capitalized on regulatory gaps and used financial gimmicks to engineer quick profits and inflate share prices. Joe Cassano As president of AIG's financial products division, Cassano pioneered the insurance giant's sale of credit-default swaps, which allowed investors ...
NEW YORK (Reuters) - The chief risk officer of Countrywide Financial Corp, the poster-child company for the loose U.S. home loans that staggered the world economy, was warning against them even when it put him at odds with his own company -- ...
We talk about credit scores a lot around here, mostly because consumer risk is so much at the root of what went wrong with mortgages and credit cards. The FICO score is the most commonly used way for lenders to measure consumer ...
Ex-Countrywide CEO, big mortgage market player Angelo Mozilo charged by SEC with civil fraudAngelo Mozilo, the man who rode the housing boom to build Countrywide Financial Corp. into a California colossus of high-risk mortgage lending, has been charged with civil fraud and ...
LOS ANGELES (Reuters) - Prosecutors are at least several months away from deciding whether to bring a criminal case against Countrywide Financial Corp founder Angelo Mozilo, the home loan entrepreneur expected to be hit soon by regulators with civil charges of insider ...
Subprime loans may have cratered Countrywide Financial this year, but they weren't the only thing rotten inside the company. So, allegedly, was senior financial analyst Rene Rebollo, who over a period of summer months accessed the company's networks from an unsecured computer ...
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