CEO Angelo Mozilo

It's no secret that lenders sometimes discriminate against consumers based on their race. Bank of America Corp., for example, agreed in December to pay $355 million to settle claims that Countrywide Financial Corp. engaged in widespread discrimination against well-qualified black and Latino borrowers, charging them higher fees and interest than similarly qualified white borrowers paid. You don't hear about similar actions being taken against...  

Former Countrywide Financial Corp. chairman and chief executive Angelo R. Mozilo and his wife, Phyllis, have sold their house in Thousand Oaks for $2.9 million. Countrywide helped fuel the boom in risky subprime loans that led to the foreclosure ...  

Fannie Mae refused to seek large amounts of mortgage repurchases from Countrywide Financial Corp. as housing began to crash, according to the former head of its regulator. James Lockhart, who led the Federal Housing Finance Agency until 2009 and ...  

Capital New YorkWorking Families Party raises for Hakeem Jeffries against Towns, citing CAFTA ...Capital New York(Towns was allegedly part of the "Friends of Angelo" program run by former Countrywide CEO Angelo Mozilo.) On Monday, Towns convened a field hearing of the House Oversight Committee to address foreclosure at Brooklyn's Borough Hall, but the WFP hit him ...and more »  

A federal judge on Tuesday rejected Bank of New York Mellon Corp.'s (BK) request to throw out an investor lawsuit related to its role overseeing mortgage-backed securities from the former Countrywide Financial Corp.  

(Reuters) - A federal judge rejected Bank of New York Mellon Corp's bid to dismiss a lawsuit by investors over its role as trustee for mortgage-backed securities that led to an $8.5 billion settlement by Bank of America Corp. U.S. District Judge William Pauley in Manhattan said on Tuesday that bondholders who invested in 26 trusts alleged to have contained risky mortgage loans from the former Countrywide Financial Corp may pursue claims...