Countrywide Mortgage

KB Home and Countrywide Financial Corp. have been named as defendants in a Class Action suit filed on October 30th, 2009 in the US Dist. Court for the Middle District of Florida - Orlando Division. The attached suit details alleged...  

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.  

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.  

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...  

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...  

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...  

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.  

Let's see, if Chris Murphy had opposes efforts to further investigate the Countrywide mortgage mess in Congress, what do you think the comically predictable GOP Chair Chris Healy would say? So when Murphy says he supports a deeper Countrywide probe? Why Healy says he's a backstabber, of course: Christopher Healy Not too long along, Congressman Chris Murphy was hanging with Chris Dodd, wearing a big smile. Now Murphy is doing what all...  

Republican Darrell Issa (R-CA) was ready to force the House Committee on Oversight and Government Reform to vote on whether to subpoena records of Countrywide Mortgage’s “Friends of Angelo” program and other such Countrywide programs which might show favorable treatment being given to politicians (of both parties). read more  

[It seems like we stopped making fun of Countrywide and Angelo Mozilo years ago, but, apparently it was only about two years, this October 03, 2007 item being a prime example of why they were such an easy target.]Does Countrywide Financial (NYSE:CFC) have a blog? If they do, a comment similar to this one is likely to appear there sometime in the weeks ahead:Hey Nation! It’s not too often I get really excited about a bracelet–what usually...  

Representative Edolphus Towns, a Democrat from Brooklyn and the chairman of the House Committee on Oversight and Government Reform, has been relentless in his criticisms of the financial services industry, reports The New York Times, but now he himself is...  

Senator Chris Dodd (D, Irish Mansion CT) is having a time of it with this sweetheart Countrywide loans thing.  First off, the Senate Ethics investigation somehow managed to avoid going after him for his activities, which meant that Dodd thought that he could start repairing the damage to his fundraising reputation (H/T: Instapundit): U.S. Sen. Christopher J. Dodd is saying it’s time to move on from the long-running Countrywide Financial VIP...  

Washington PostLewis' choiceAsia Times Online... purchase of Countrywide Financial, one of the institutions at the core of all the pernicious malfeasance we have come to know as the subprime market. ...ANALYSIS-BofA's legal problems growing, may push exec changeForbesall 1,151 news articles »  

True/SlantWhy is Obama harder on his friends than on his enemies?True/Slant... former Fannie Mae Chairman James Johnson, after reports that he may have received preferential mortgage terms from Countrywide Financial. ...and more »  

Inside Scoop: The Real Barack Obama Revealed!Huffington Post (blog)Keep in mind that other than the disappearance of Bear Stearns, Lehman Brothers, Merrill Lynch, Countrywide Financial, Washington Mutual, ...