Bank of America Corp.’s Countrywide unit has agreed to pay $500 million to settle a lawsuit over billions of dollars in residential mortgage-backed securities that were downgraded to junk. T... Read more
In the largest residential fair-lending settlement in history, Bank of America Corp. has agreed to pay $335 million to settle allegations that its Countrywide Financial Corp. unit discrimina... Read more
Another investor lawsuit was filed last month against Bank of America Corp., again by investors. The Plaintiffs, 15 former Countrywide Financial Corp. institutional investors, lost money aft... Read more
Facing a lawsuit over deceptive mortgage practices, Countrywide Financial Corp., now a Bank of America Corp. subsidiary, has agreed to modify tens of thousands of loans to keep people in 11... Read more
Several weeks ago, Indiana sued Countrywide Financial Corp., thus becoming the latest state to take the mortgage lender to court over its lending practices. Indiana Attorney General Steve Ca... Read more
Connecticut is the latest state to file suit against Countrywide Financial Corp. over its lending practices. State Attorney General Richard Blumenthal alleges that Countrywide misled borrowe... Read more
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