Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'Countrywide'

ARTICLES

Bank of America urges judge to toss “Hustle” case verdict

Case links to Countrywide mortgages
Brena Swanson
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
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BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch
Brena Swanson
The rumors from yesterday are now confirmed. “Bank of America knew that such wholesale channel loans – described internally as “toxic waste” – presented vastly greater risks of severe delinquencies, early defaults, underwriting defects, and prepayment," according to the SEC filing on the settlement.
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Countrywide’s Mozilo may face lawsuit over subprime mortgages

This time prosecutors have a new weapon
Brena Swanson
Although Countrywide Financial no longer exists, co-founder Angelo Mozilo is allegedly not in the clear as prosecutors still want to hold him responsible for the company’s role in the U.S. housing bubble, according to a Bloomberg report.
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$366 million in subprime-boom bonds coming to market

Big names scheduled to trade Tuesday
Ben Lane
Of note in the breakdown of the bond pool are some notorious names from the subprime lending boom, including: Ameriquest Mortgage, Countrywide Financial, Bear Stearns, Goldman Sachs, JPMorgan, and Citigroup.
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Monday Morning Cup of Coffee: BofA mortgage woes piling up

Nonbanks under the gun; Homebuyers getting older
Trey Garrison
Bank of America still trying to get unstuck from the mortgage bond tar, interest rates have a 5.3% target rate, and home price growth slows to 4.6% projected growth for 2014.
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BofA, DOJ settlement negotiations remain tangled

Two sides remain far apart on crucial issues
Brena Swanson
Bank of America continues to work through its negation talks with the Department of Justice. However, the two still stand very far apart on crucial issues.
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Judge orders BofA Countrywide to pay $1.3B for toxic mortgages

Settlement is just over half what feds wanted
Trey Garrison
A federal judge has ordered Bank of America’s Countrywide unit to pay $1.3 billion in penalties for junk mortgages sold to the government sponsored enterprises in the years prior to the 2008 financial crisis.
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DOJ demands more in BofA, Countrywide deal

Deal hung up over penalties
Brena Swanson
The Department of Justice is not satisfied with its negotiations over Bank of America's cash penalty amount for the dealings of Countrywide and Merrill Lynch. The $13 billion is not enough.
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Bank of America faces massive $13 billion RMBS claim

Bloomberg cites coming DoJ settlement
Jacob Gaffney
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
Brena Swanson

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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