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Illinois AG files lending discrimination suit against Countrywide
Attorney General Lisa Madigan has announced that she has filed a lawsuit against Countrywide, a subsidiary of Bank of America, for unlawfully discriminating against African-American and Latino...
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Class action suit filed against Countrywide involving $350 billion of MBS
The law firm of Cohen Milstein Sellers & Toll PLLC has filed an amended consolidated class action complaint in its landmark litigation against Countrywide Financial Corporation and other...
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Law firm wants Bank of New York to investigate Countrywide RMBS pools
A Houston law firm said its clients want Bank of New York to investigate pools used in more than $26 billion of residential mortgage-backed securities issued by beleaguered lender Countrywide Financial...
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BofA searches for assets to sell
Bank of America plans to identify tens of billions of dollars in assets and businesses that it wants to sell or wind down, in the latest effort to ease investors’ concerns about its holdings of risky...
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Defense in Countrywide Financial fraud case asks judge to allot more time for...
Lawyers for founder Angelo Mozilo and two other former executives at the mortgage company say the case has grown far too complex to be tried in three weeks.The federal civil fraud case against...
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Countrywide Prevails in NY Lawsuit
Countrywide Financial Corp will not have to face claims that it misled two investment funds about the level of risk in its mortgage-backed securities, a judge ruled on Tuesday......Footbridge Limited...
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Ambac Sues Bank of America Over Countrywide Bonds
Ambac Assurance Corp. sued Bank of America Corp. over $16.7 billion of mortgage-backed securities, saying the bank’s Countrywide Financial Corp. unit fraudulently induced Ambac to insure bonds backed...
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Pennsylvania AG Corbett Urges Consumers to File Foreclosure Complaints
Pennsylvania Attorney General Tom Corbett has urged Pennsylvania homeowners to file complaints concerning questionable mortgage foreclosures as part of an ongoing investigation by the Attorney...
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GMAC and Bank of America Foreclosures Temporarily Halted in Maine
Janet Mills, Attorney General for the state of Maine has announced that both GMAC Mortgage and Bank of America have agreed to stop foreclosures temporarily in the state. This announcement comes just as...
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Bank of America Resolves Countrywide Dispute With GSEs to the Tune of $3...
Bank of America has agreed to pay out nearly $3 billion total to both Fannie Mae and Freddie Mac for a repurchase claims dispute over housing loans sold to them by Countrywide Financial Corporation....
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California AG Harris Creates Foreclosure Relief Fund From Countrywide Settlement
California Attorney General Kamala D. Harris has announced a $6.5 million settlement of a predatory lending case against Angelo Mozilo and David Sambol, former officers of Countrywide Financial...
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Bank of America to Exit the Reverse Market and Forms Legacy Asset Servicing...
Bank of America Home Loans has announced that it will exit the reverse mortgage origination business and move the unit’s operational resources into other critical areas serving customers. Bank of...
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BofA Whistleblower Fired for Countrywide Fraud, Hired Back and Paid Nearly $1...
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has found Bank of America in violation of the whistleblower protection provisions of the Sarbanes-Oxley Act for...
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BofA Reaches $335 Million Settlement With Government Over Countrywide...
The U.S. Department of Justice (DOJ) filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a...
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Equator Adds Five to Its Team
Equator has named five industry experienced senior leaders to its team, including: Russell Walker, vice president of information security and compliance; John Ardy, vice president of technology Jeff...
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