countrywide

For years and years, Countrywide Loans has been known as one of the most solid loaning institutions in the world. In 2007, Bank of America bought Countrywide Loans for the estimated price of $2 billion and brought the company under its umbrella corporation. Then, in 2008, Bank of America announced they would buy Countrywide Financial for $4 billion.

These two acquisitions gave Bank of America one of the largest market shares in the mortgage arena as well as access to mortgage servicing. Bank of America and Countrywide Loans now control one in four of the home loans made in the United States.

For various reasons Countrywide Loans kept its name after being bought outright by Bank of America. However, recently their name has been changed to Bank of America Home Loans. The company is now involved in four different types of business: mortgage banking and loans, banking, capital markets, and global operations.

Bloggers speaking about Countrywide Loans can be found at sites like trulia.

by outdoorsurvivalguy Are you a writer, passionate about this or any other topic? Join Blogcritics!

Latest blogosphere posts tagged “countrywide”

 

• TD Bank Slammed with $67 Million in Aiding Ponzi Scheme

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Dear Lawyers Who Would Like to Make a Ton of Money: Here is a case where the guilt and liability of the Bank (read that as Deep Pocket) was predicated upon circumstantial and direct evidence — the kind of thing that you ...
  1 week ago

• Squatters Benefits and Adverse Possession: Show Me the Money!

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT  EDITOR’S COMMENT: It is difficult to compute because of the very nature of the problem. But from my perch it looks like more and more people are standing up to the Banks and getting their pound of flesh back one way or ...
  1 week ago

• Drinking H2O Laws

  
  4myp - Custom Promotional Calendars — Authority: 138
  A Maze of Laws and regulations and Pointers with Few Legally Enforceable Necessities Sad to say there is not an worldwide list of ingesting h2o criteria that governments and h2o suppliers really need to abide by. Actually, a lot of nations around the world do not actually have a legally enforceable list of ...
  1 week ago

• Buck Mckeon admits he would take special benefits????

  
  Patricia Mckeon for State Assembly? Really Patricia? — Authority: 108
  This story is just getting stranger and stranger. In a Signal "article," Buck denies doing anything wrong, says he never knew about the program, then oddly admits that if he had know about it he would have utilized it more heavily. "If I had known we had got a good deal (on the loan) then I would have gotten all my ...
  1 week ago

• Reuters: World Bank Slashes Global GDP forecasts, Outlook Grim

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: As long as we pretend that our mission in life is to protect the Banks that did this to us, these forecasts will  be cut over and and over again. We have a cancer growing on our world economy. It is ...
  1 week ago

• More Republicans Found to Have Received Countrywide VIP Loans

  
  Firedoglake — Authority: 618
  Congressman Pete Sessions (R. Texas) received Countrywide sweetheart loans Rep. Pete Sessions (R-TX) has become the third House Republican discovered to have received a sweetheart loan as part of Countrywide’s “VIP” program. The program became notorious when conservatives jumped on the revelations that ...
  1 week ago

• Kent Conrad Never Should Have Been Let Off The Hook For VIP Loans

  
  Say Anything — Authority: 608
  Back in 2008 it was revealed that Senators Kent Conrad and Chris Dodd had received “VIP Loans” (loans with extra-special terms not available to the public) from Countrywide Financial. Countrywide was the nation’s largest originator of subprime mortgages, and contemporaneous to these VIP loans was seeking from ...
  1 week ago

• Class Action — Chase Accused of Brazen Bankruptcy Fraud

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT “Through the use of fabricated assignments, endorsements and affidavits that purport to transfer deeds of trust, notes and the rights to all monies due under the terms of tens of thousands of non-negotiable promissory notes ...
  1 week ago

• Texas congressman latest named in Countrywide VIP probe

  
  Housing Wire — Authority: 665
  Rep. Pete Sessions, R-Texas, was the fourth House member named in a recent probe into the Countrywide VIP loan program.Following a subpoena of Bank of America (BAC: 6.67 +2.93%), Rep. Darrell Issa, R-Calif., chair of the House oversight committee wrote a letter to the ethics committee in December, signaling four ...
  1 week ago

• What’s Working? — Agenda for Today’s Conference Call with Subscribing Members

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT At the request of the members, I will be publishing an agenda before each conference call. The agenda is subject to changes depending upon news of the day, the questions asked by attorneys and laymen, and any case decisions ...
  1 week ago

• Pete Sessions Got Favorable $1 Million Loan

  
  Dallas Blog, Daily News, Dallas Politics, Opinion, and Commentary FrontBurner Blog D Magazine — Authority: 520
  The Dallas Republican and three other members of Congress are under investigation for the favorable rates they received from the notorious Countrywide Financial Corp., the sub-prime loan factory. His spokesperson says he didn’t know he received below-market rates. That makes sense. Who bothers to check the ...
  1 week ago

• Frontrunning: January 18

  
  ZeroHedge — Authority: 778
  Here we go again: IMF Said to Seek $1 Trillion Resource-Boost Amid Euro Crisis ( Bloomberg ) China said to Tell banks to Restrict Lending as Local Officials Seek Funds ( Bloomberg ) EU to Take Legal Action Against Hungary ( FT ) Portugal Yields Fall in Auction of Short-Term Debt ( Reuters ) US Natural Gas Prices ...
  1 week ago

• Cummings Accuses Issa Of Protecting Republicans Caught In Countrywide VIP Loan Program

  
  TPMMuckraker — Authority: 722
  Back in early 2011, House Oversight Committee Chairman Darrell Issa (R-CA) issued his first subpoena for information about members of Congress who received sweetheart mortgage deals under the Countrywide VIP program called "Friends of Angelo." By doing so he abandoned the historical practice of referring matters ...
  1 week ago

• HAMP TRIALS: A Big Living Lie

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Note: In a Livinglies survey of HAMP trials, we found that most modification offers vastly exceeded the proceeds from foreclosure. Prior to the brief era of securitization the result would have been obvious: the ...
  1 week ago

• Countrywide VIP mortgage program investigation goes dark

  
  Housing Wire — Authority: 665
  An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks.The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information ...
  1 week ago

• Like Watching The Great Train Robbery in Slow Motion

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT THIS IS LIKE WATCHING “THE GREAT TRAIN ROBBERY” IN SLOW MOTION submitted by DCB UnitedBank’s Cash for Keys offers to homeowners: Are the offers credible? On Sunday January 15, 2012, frequent poster on Foreclosure ...
  1 week ago

• Sleeper Financial Stocks: Bank of America (NYSE:BAC), Tower Group (NASDAQ:TWGP)

  
  The Market Playground — Authority: 463
  By Andy Schornack The performance for this model during the month of December was reassuring as it outperformed both the S&P 500 Financial Sector Index and the S&P 500 Index. There were no changes in the portfolio during the month of December. 2011 was a particularly tough year for the financial services ...
  1 week ago

• Fla AG Bondi “Cleared” But Guilty?

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Note: Just because the document contains forgery and fabrication doesn’t mean you win and they lose. Focus on the money trail and challenge them to show a “sale” of the loan where there was an actual payment. ...
  1 week ago

• ZOMBIE MONEY: How The World Keeps Cancerous Banks Alive

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S ANALYSIS: In 1983 the amount of derivatives based upon credit instruments was zero. Then it went past $600 Trillion in 2007, and it is suspected (these are mostly “private” contracts) that they might be over a ...
  1 week ago

• SF Occupiers Turn Attention to Collusion Between Speculators and Banks

  
  Livinglies's Weblog — Authority: 424
  MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: I missed the timing, so this event already happened. But the SF Occupiers seem to be on the right track. They deserve our support and their efforts should be duplicated. My anecdotal evidence strongly ...
  2 weeks ago

Comments about countrywide