NO COMMENT? BIG MISTAKE
- BoA/CFC: 'Selective' TPO. // Origination News;Jul2008, Vol. 17 Issue 10, p1
The article reports on the development surrounding the partnership between the Bank of America Corp. and Countrywide Financial Corp.
- Countrywide Should Be Put into Bankruptcy. Smith, Robert H. // American Banker;9/21/2011, Vol. 176 Issue 146, p9
The article presents the author's view that Bank of America (B of A) Corp. should let Countrywide Financial company, which the bank purchased in 2008, go into bankruptcy because Countrywide-related lawsuits are negatively impacting B of A's stock value.
- ON THE RECORD. // Consumer Reports;Jan2013, Vol. 78 Issue 1, p6
A quotation is presented from U.S. attorney Preet Bharara about how decisions made by mortgage lenders Countrywide and Bank of America have had an impact on the U.S. taxpayers.
- To B of A, Countrywide Is a Tough Liability to Unload. Horwitz, Jeff // National Mortgage News;8/15/2011, Vol. 35 Issue 45, p9
The article reports that the Bank of America Corp. could throw away its troubled mortgage unit Countrywide Financial Corp. in the U.S. since it is a tough liability to unload.
- BOA BEGINS DUMPING POAS. // National Mortgage News;11/2/2009, Vol. 34 Issue 7, p16
The article reports on the massive disposition of the nonperforming payment-option adjustment-rate mortgage (ARM) loans by Bank of America in the U.S. in 2009. It mentions that these loans are inherited when it bought Countrywide Financial Corp. in the summer of 2008. According to investors and...
- Shifting strategies of Bank of America. // Mortgage Strategy;10/31/2011, p35
The article reports that the Bank of America Corp. is changing its strategies, because after it acquired Countrywide Financial Corp., it is having problems with faulty sub-prime loans, poor underwritings and is being allegated for illegal foreclosures. It mentions that the bank hopes to maintain...
- Not Worth The Weight. Lacter, Mark // Los Angeles Magazine;Aug2011, Vol. 56 Issue 8, p74
The article reports the failure of Bank of America (BofA) to accomplish its goals for Countrywide Financial Corp., the Calabasas, California-based mortgage lender that helped create the foreclosure crisis. It details the acquisition of Countrywide by BofA in 2008 for 4 billion U.S. dollars, and...
- B of A Pares Back Its List of Brokers. // American Banker;4/14/2009, Vol. 174 Issue 70, p8
The article reports that the Bank of America Corporation has removed several loan brokers from its active list. The Charlotte, South Carolina company has confirmed that it reviews and dismisses brokers regularly. Brokers who are removed from the list may reapply in 60 days. In the year 2006,...
- Countrywide, BofA merger unlikely. A. P. // Asset Securitization Report;2/5/2007, Vol. 7 Issue 5, p1
The article reports on the loss of interest of the Bank of America Corp. (BofA) to pursue the acquisition of Countrywide Financial Corp. (CFO) in the U.S. It was revealed that the BofA is not interested on buying a mortgage lender which seeks finances from bank deposits. However, it is...