International Business News - countrywide http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A Delaware judge on Tuesday declined to give final approval to a proposed settlement in a shareholder lawsuit against mortgage lender Countrywide Financial Corp. http://www.ibtimes.com/articles/20081028/judge-weighs-proposed-countrywide-settlement.htm Tue, 28 Oct 2008 16:48:37 EDT Bank of New York Mellon and mortgage lender Countrywide Financial agreed Friday to settle a Delaware Chancery Court lawsuit involving Countrywide bondholders. http://www.ibtimes.com/articles/20081010/countrywide-bofny-reach-bond-lawsuit-settlement.htm Fri, 10 Oct 2008 14:37:03 EDT Connecticut Attorney General Richard Blumenthal says sensitive personal information on more than 28,000 state consumers was included in a massive identity theft scam at Countrywide Financial Corp. http://www.ibtimes.com/articles/20080910/conn-ag-identity-scam-affects-28-000-consumers.htm Wed, 10 Sep 2008 18:11:55 EDT A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender. http://www.ibtimes.com/articles/20080825/2-plead-not-guilty-to-data-scam-at-countrywide.htm Mon, 25 Aug 2008 20:59:21 EDT Indiana has sued Countrywide Financial Corp., becoming the latest state to take the mortgage lender to court over its lending practices. Indiana Attorney General Steve Carter said in a news release Sunday that a state investigation had uncovered a "pattern of misleading and questionable practices" by Countrywide Home Loans Inc. and its parent company. http://www.ibtimes.com/articles/20080825/indiana-sues-countrywide-over-lending-practices.htm Mon, 25 Aug 2008 10:52:40 EDT In an Aug. 13 story about lawmakers who may have received preferential treatment from mortgage lender Countrywide Financial Corp., The Associated Press reported erroneously about the relationship between Sen. Christopher Dodd, D-Conn., and Countrywide's former CEO, Angelo Mozilo. Dodd has said they are not personal friends. http://www.ibtimes.com/articles/20080814/correction-countrywide-vip-loan-story.htm Thu, 14 Aug 2008 16:50:13 EDT Two Republicans are calling for an investigation into whether House lawmakers or staffers received preferential treatment from mortgage lender Countrywide Financial Corp. http://www.ibtimes.com/articles/20080813/2-house-republicans-seek-countrywide-probe.htm Wed, 13 Aug 2008 17:57:45 EDT Countrywide Financial Corp., the troubled mortgage lender acquired by Bank of America Corp. this year, spent $457,000 in the second quarter to lobby on regulations and legislation affecting the industry, according to a recent disclosure form. http://www.ibtimes.com/articles/20080811/countrywide-spent-457k-lobbying-government-in-2q.htm Mon, 11 Aug 2008 11:34:23 EDT A hearing is scheduled Monday in Pittsburgh on whether to approve a settlement worked out between Countrywide Home Loans Inc. and a Chapter 13 bankruptcy trustee. http://www.ibtimes.com/articles/20080811/hearing-in-pittsburgh-for-countrywide-settlement.htm Mon, 11 Aug 2008 10:35:20 EDT The Securities and Exchange Commission has escalated its scrutiny of Countrywide Financial Corp. into a formal investigation, according to a regulatory filing by Bank of America Corp. http://www.ibtimes.com/articles/20080808/sec-now-conducting-formal-probe-into-countrywide.htm Fri, 08 Aug 2008 17:02:35 EDT Bank of America Corp. says it will create jobs in Texas over the next two years and comply with a state agreement signed by Countrywide Financial Corp., now that the two firms have merged and the bank has assumed the mortgage company's job contract. http://www.ibtimes.com/articles/20080806/bank-of-america-to-honor-countrywide-texas-deal.htm Wed, 06 Aug 2008 14:28:56 EDT Connecticut sued Countrywide Financial Corp. on Wednesday, becoming the latest state to take the mortgage lender to court over its lending practices. State Attorney General Richard Blumenthal alleges that Countrywide misled borrowers into taking on risky home loans they could not afford. California, Illinois, Florida and the city of San Diego have made similar claims in their own lawsuits against the company. http://www.ibtimes.com/articles/20080806/conn-sues-countrywide-over-lending-practices.htm Wed, 06 Aug 2008 19:14:14 EDT State officials expanded a previously filed lawsuit against Countrywide Financial Corp., adding allegations on Thursday that the mortgage lender rewarded staff for selling risky loans. http://www.ibtimes.com/articles/20080718/california-officials-expand-countrywide-lawsuit.htm Fri, 18 Jul 2008 06:11:13 EDT State officials expanded a previously filed lawsuit against Countrywide Financial Corp., adding on Thursday allegations that the mortgage lender rewarded staff for selling risky loans. http://www.ibtimes.com/articles/20080717/california-officials-expand-countrywide-lawsuit.htm Thu, 17 Jul 2008 17:14:16 EDT Countrywide Home Loans Inc. has agreed to pay a Chapter 13 bankruptcy trustee $325,000 to settle allegations that the mortgage lender sought improper fees or payments from bankrupt homeowners and otherwise violated bankruptcy court orders and regulations in nearly 300 cases. http://www.ibtimes.com/articles/20080716/countrywide-agrees-to-settlement-in-pa-probe.htm Wed, 16 Jul 2008 14:47:48 EDT A Delaware judge on Thursday granted preliminary approval of a proposed settlement in a shareholder lawsuit against mortgage lender Countrywide Financial Corp. http://www.ibtimes.com/articles/20080703/del-judge-mulls-settlement-in-countrywide-lawsuit.htm Thu, 03 Jul 2008 18:59:42 EDT Florida's attorney general alleged Tuesday that Countrywide Financial Corp., the nation's largest mortgage lender, engaged in deceptive practices that left borrowers in the state with mortgages they couldn't afford. http://www.ibtimes.com/articles/20080701/fla-ag-says-countrywide-deceived-borrowers.htm Tue, 01 Jul 2008 15:47:18 EDT Fitch Ratings said Tuesday it maintained its ratings on Countrywide Financial Corp. after Bank of America Corp. completed its acquisition of the mortgage lender. http://www.ibtimes.com/articles/20080701/fitch-maintains-countrywide-financials-ratings.htm Tue, 01 Jul 2008 12:18:04 EDT Credit ratings agency Standard & Poor's said Tuesday it raised its ratings on Countrywide Financial Corp. to match those of Bank of America Corp. Countrywide now carries a counterparty rating of "AA," considered investment grade. Countrywide was previous rated "BB+," considered junk status. http://www.ibtimes.com/articles/20080701/countrywide-ratings-upgraded-by-standard-poors.htm Tue, 01 Jul 2008 11:55:49 EDT Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation's leading mortgage originator and servicer. http://www.ibtimes.com/articles/20080701/bofa-completes-deal-for-countrywide-financial.htm Tue, 01 Jul 2008 18:04:03 EDT