Countrywide Homes Loan Fraud Exposed in Litigation

Countrywide Home Loans News
Colorado Attorney General Attorney Announces Countrywide Settlement
February 11, 2009(DENVER) – Colorado Attorney General John Suthers today announced that Colorado has entered into a settlement with Countrywide Financial Corporation, and several of its affiliated entities, over the marketing of ...

Another Example of the Deplorable Conditions at Countrywide Home LoansFebruary 11, 2009

Countrywide simply CANNOT HANDLE and PROPERLY SERVICE the VOLUME OF BAD MORTGAGES it holds in its portfolios. Thousands of homeowners are getting foreclosed on because they cannot obtain loan modifications from this ...

Virginia AG McGraw settles Countrywide suit
February 6, 2009

Attorney General Darrell McGraw today settled his suit against Countrywide Financial Corporation, Countrywide Home Loans, Inc., Countrywide Home Loans Servicing, LP, and Full Spectrum Lending, Inc. Countrywide sold subprime loans, including ...


Pennsylvania Attorney General Reaches $150 Settlement With CountrywideJanuary 29, 2009

HARRISBURG - Attorney General Tom Corbett today announced that the Attorney General's Office has reached a more than $150 million settlement with Countrywide Financial Corporation to obtain mortgage relief and ...


Countrywide Agrees To Modify Predatory Loans For Tennesseans
January 23, 2009

The lawsuit said Countrywide misled customers by offering low "teaser" rates or no closing costs to induce borrowers into loans they couldn't afford and without disclosing the risk, leading to ...


Countrywide Lawyers Say Loan Modification Ads Are Mere Commercial Puffery
January 19, 2009

In marketing, advertising and testimony before Congress, Countrywide Home Loans has said repeatedly that it is working hard to modify the mortgages of financially strapped borrowers caught up in the ...

Housing Push for Hispanics Spawns Wave of Foreclosures
January 5, 2009

Mortgage brokers became a key portion of the lending pipeline. Phi Nguygn, a former broker, worked at two suburban Washington-area firms that employed hundreds of loan originators, most of them ...


Ohio to Receive $4.39M in Countrywide Settlement
January 2, 2009

COLUMBUS - Attorney General Nancy Rogers has announced the details of a final settlement with Countrywide Financial Corporation. Under the agreement, filed in Cuyahoga County Court of Common Pleas, Ohio will ...


Angelo Mozilo Email on Loan Safe Voted #1 Business Blunder in 08′
December 18, 2008

Choosing only 10 this year was next to impossible, but somehow we managed. Incidentally, we'd like to throw a special shout out to Angelo Mozilo of Countrywide for making this ...

Investors Prove Countrywide Lawsuit 100% Valid
December 12, 2008

The facts are the facts. I am not going to add much commentary to this damaging blog post because it is what it is. All I know is Angelo (Ex-Countrywide CEO) is ...

Bill Frey and his investors will be OK. But BofA may have their day…
December 4, 2008

“Bill Frey of Greenwich Financial - Countrywide worked out an arrangement with fifteen state attorney generals for fraudulent lending practices and they're handing the bill to bondholders. They plead guilty ...

Countrywide $122 Billion Mortgage Pool May Drown Bank of America
December 2, 2008

"The loan modification buy back clause is on a secret Countrywide loan pool in which $122 billion worth of mortgages sold to investors from early 2004 to April of this year. ...


Investors Sue Countrywide and B of A is Surprised
December 1, 2008

Investors filed a lawsuit in New York State Supreme Court in Manhattan on Monday over the recent predatory lending settlement that Countrywide parent, Bank of America had agreed to in ...

Homeowner Survey Says Countrywide is the Worst Mortgage Servicer in America
November 25, 2008

CORONA, Calif.: 25 November 2008 — In the current mortgage and foreclosure crisis, the data and feedback from actual homeowners in regards to outreach and customer service by mortgage servicers during the loan ...


Countryfried Loans - Kernal Mozilo’s Original Recipe for Disaster
October 11, 2007

Countryfried Loans, led by Kernel, Angelo Mozilo has been cooking more "Toxic Original Recipe Loans" then any other lender is US history. The reports that are coming out daily, confirm that ...

Countrywide Foreclosure
July 27, 2007

If you are a borrower that is facing a Countrywide Foreclosure, there is help for you. You can try calling the loss mitigation and home retention department, its' called Countrywide's ...