From rss.news.yahoo.com
()
Reuters - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading.
- Rick Green On The Countrywide Financial VIP Program: Capitol Watch (blogs.courant.com)
- Countrywide Financial - House Subpoena Issued on Controversial VIP Program... (blogs.courant.com)
- Oversight panel to subpoena Countrywide mortgage documents (washingtonpost.com)
A decision yesterday by a three-judge panel of the U.S. Third Circuit Court of Appeals in Philadelphia allows lawyers for a group of homeowners nationwide to continue a class-action suit against Countrywide Mortgage Corp. and its affiliated reinsurer that alleges violation of the anti-kickback provision of the Real Estate Settlement and Procedures Act.
More perspectives...
From philly.com
()
Senators Chris Dodd and Kent Conrad lawyered up when the Senate ethics committee asked about their VIP loans from Countrywide Financial. But the sweetheart Senators may not be able to stop another look at their dealings with the subprime mortgage factory.
More perspectives...
From digg.com
()
U. S. Rep. Christopher Murphy of the 5th Congressional District says that the House subpoena of the highly controversial Countrywide Financial VIP loan program is "the right thing to do.''
Our colleague, Rick Green, has the details at http://blogs.courant.com/rick_green/2009/10/dodd-countrywide-house-probe-mortgage-industry.html
Murphy's comments came not long after his Republican opponent in the 2010 race, Justin Bernier, called for him to...
From blogs.courant.com
()
- Rep. Chris Murphy, where do you stand?: Rick Green | CT Confidential (blogs.courant.com)
Susan Crabtree of The Hill has the scoop: "Two junior Democrats are urging their leaders to open an investigation into the Countrywide VIP mortgage program. Rep. Paul Hodes (N.H.), who is in his second House term, and freshman Rep. Mike Quigley (Ill.) called on the House Oversight and Government Reform panel to initiate an investigation into Countrywide Financial's 'Friends of Angelo' VIP program and whether it was used to gain influence over...
From freerepublic.com
()
- To avoid Countrwide vote, Democrats sneak out, change locks (denverpost.com)
- Towns and Countrywide: Subpoenas Soon? (nydailynews.com)
- Countrywide Destroyed Tapes with Public Officials Discussing Mortgages -- By... (corner.nationalreview.com)
WILMINGTON, Del. - Bank of America Corp.’s Countrywide unit must face a lawsuit alleging it orchestrated a kickback scheme for private mortgage-insurance premiums, an appeals court ruled, reversing a lower court’s decision to dismiss the case.
More perspectives...
From syndication.boston.com
()
U.S. Rep. Chris Murphy tells me that the House Committee on Oversight and Government Reform will launch a wide-ranging probe into the lending practices of the mortgage loan industry.
The committee will subpoena records from Countrywide Financial, the lending company at the center of controversy since the revelation that Sen. Chris Dodd was among the many who recieved loans under the company's infamous "Friends of Angelo" VIP lender initiative...
More perspectives...
From blogs.courant.com
()
