Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Items Tagged with 'Countrywide'


Bank of America faces massive $13 billion RMBS claim

Bloomberg cites coming DoJ settlement
April 25, 2014
The settlement would come on top of the $9.5 billion the bank agreed last month to pay to resolve Federal Housing Finance Agency claims, said two people who asked not to be named because the negotiations are private.
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Bondholders hope Countrywide settlement will pay up

Could award $8.5 billion in recoveries to affected bonds
March 3, 2014

Bondholders and investors are taking a closer look at the recently approved Countrywide Settlement that could potentially distribute $8.5 billion in recoveries to affected bonds.

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AIG demands stay in $8.5 billion Bank of America ruling

Ruling leaves too much unclear, objectors say
February 5, 2014

American International Group and others joining a number of companies asking a New York state supreme court judge to delay the approval of an $8.5 billion agreement between Bank of America and mortgage bond investors.

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Bank of America down in mid-day trading

Equity investors lose confidence as fast as they gain it
January 7, 2014
Bank of America gained investor confidence and then lost it within days. The bank soared on the HW 30 at the start of January and is now backsliding again.
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BofA-Countrywide settles legacy mortgage case for $500M

December 9, 2013
Bank of America finally secured a court's approval to end a legacy lawsuit filed against it by investors in Countrywide mortgages for $500 million. The investors claimed they were sold faulty mortgage-backed securities prior to the meltdown of the housing market.
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Bank of New York Mellon: $8.5bn settlement an 'easy decision'

November 19, 2013
As closing arguments finished yesterday in a two-year long legal battle involving mortgage-bond investors and Bank of America Corp. (BAC), the attorney for Bank of New York Mellon Corp (BK) offered a final view on a contentious settlement.
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BlackRock, PIMCO set to push for BofA mortgage deal

November 18, 2013
Closing arguments begin today from an investor group including BlackRock Inc. (BLK) and Pacific Investment Management Co. over a proposed $8.5 billion settlement with Bank of America (BAC) involving legacy Countrywide mortgage bonds.
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Countrywide, RMBS investors seek $500M settlement approval

October 29, 2013
Bank of America’s Countrywide unit and investors in its devalued residential mortgage-backed securities are asking a federal judge to approve a $500 million class-action settlement.
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Jury verdict against BofA-Countrywide reignites litigation concerns

Decision could stall private-label RMBS, market progress
October 24, 2013
A jury verdict against a former Countrywide executive and Bank of America over legacy Countrywide mortgages is another spoke in the wheel for a mortgage industry struggling to reach a new norm, industry insiders say.
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HW 30 plunges with all major stock indices

BofA drops as jury holds Countrywide liable for toxic loans sold to GSEs
October 23, 2013
The big story Wednesday afternoon was Bank of America, which declined 2.13% in trading. The mega lender took a minor hit on the HW 30. Around the same time, a federal jury in New York held the lender liable for toxic loans its Countrywide unit had sold to Fannie Mae and Freddie Mac.
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