BNET Industries
Last Fiscal Year Sales:$25.1B
- Private
- US
Dow Jones Description
Countrywide Financial is proud to have become a wholly owned subsidiary of Bank of America Corporation. We have become America's leading home loan provider and we know with this position comes great responsibility to our communities and our customers. We are committed to responsible lending practices, meaningful community development initiatives and providing a broad suite of products. Combining the two companies will create unique opportunities that will build stronger customer relationships and deliver solutions that are more responsive to customers needs. With nearly 40 years of experience in the mortgage business, Countrywide is committed to continuing to help customers achieve and sustain homeownership. Countrywide is very excited about the opportunities this merger will provide.
Number of Employees 54,456
Contact Information
4500 Park Granada
Calabasas, California 91302-1613
818-225-3000
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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KB Home, Countrywide, LandSafe face another lawsuit on rigged appraisals claim
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Class-action suits against KB Home expand to Florida, North Carolina and South Carolina
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Buy These Stocks and Make Money
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Bank of America Scrambles to Provide Mortgage Relief
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Homebuyers, union allege deception by builders
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The Financial Crisis: This Dayâ€"One Year Ago, Sept. 14, 2008
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Washington, D.C., settles with BofA unit
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Washington D.C. joins Countrywide settlement
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Investor Challenge to Countrywide Mods Continues
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August 7, 2008 Thursday: Jobs Disappear; AIG's Woes
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SEC escalating enforcement
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Bank of America earns $2.4 billion
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Countrywide fraud case hinges on disclosures to investors
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Bank of America Mortgage
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SEC v. Mozilo: Repairing the Financial Services Industry
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Great Call on ConocoPhillips! What's Next?
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Countrywide exec often warned about mortgage risks
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SEC Charges Run Deep.
News & Analysis
Filter by
countrywide financial corp. and mortgage - All News and Analysis
Mortgage lenders feel the wrath of a Federal Judge and Attorneys General: a District Court judge in Wisconsin grants class-action status to plaintiffs, and attorneys general file suit against Countrywide
- 2008-09-15
It's a case that's got bankers and other mortgage lenders and brokers quivering in their collective wing tips because the exposures could run into the hundreds of millions, if not the billions, of dollars. A lawsuit filed in 2005 by a Cedarburg, Wis., couple alleging deceptive lending practices on...
Top Residential Originators
- 2008-07-01
As of December 31, 2007 dollars in millions Origination Volume % % Rank Organization Name 2007 2006 Change Market Share Mkt Shr % pt. +/- 1 Countrywide Financial Corp. (1) Calabasas, CA $408,234 $460,387 -11% 14.75% -0.03% 2 Wells Fargo & Co. San Francisco, CA $271,931 $397,641...
Loan deal prompts charity gift
- 2008-06-15
WASHINGTON -- Senate Budget Committee Chairman Kent Conrad said Saturday he is donating $10,500 to charity and refinancing his loan on an apartment building after reviewing documents showing he received special treatment from Countrywide Financial Corp. Conrad said it appears that Countrywide waived 1 point on his mortgage...
Countrywide: Foreclosure, delinquency rate increases
- 2008-02-16
LOS ANGELES -- Countrywide Financial Corp. said Friday home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments. The nation's largest mortgage lender and servicer said loan delinquencies as a percentage of unpaid principal balance increased to 7.47 percent last...
Mortgage rate resets only one of many factors in foreclosure mess
- 2007-12-16
NEW YORK IF THE GOVERNMENT really wants to stop home foreclosures from surging, here's a simple plan: Boost Americans' income, put more funding toward medical research and insist on marriage counseling for all. And then start buying up land to raise housing prices. As...
Q & A with Chairman Frank: the House Financial Services Committee has been very active this session on many issues of importance o the mortgage industry. Committee Chairman Barney Frank recently introduced his own anti-predatory-lending bill, and we s
- 2007-12-01
Rep. Barney Frank (D-Massachusetts) became chairman of the House Financial Services Committee when Democrats won back control of the Congress. The chairman has been actively moving an impressive list of legislation out of his committee. And recently he introduced major legislation intended to curb predatory lending and tighten mortgage practices...
The big scramble
- 2007-12-01
Mortgage lenders have moved quickly to adjust their product offerings and business strategies in the wake of the liquidity crisis. The shutdown of major funding sources, combined with mounting defaults for certain products, has prompted quick adjustments in business models. There's at least one silver lining: The exit of many...
Conventional wisdom: here is some of what was heard and seen in Boston during the annual convention of the Mortgage Bankers Association
- 2007-12-01
The Boston air was crisp, the sun was shining, the leaves were turning, and the anxiety was everywhere. Mortgage bankers and others tied to the mortgage business gathered for the annual convention of the Mortgage Bankers Association MBA. [??] Nervous executives peeled off into little groups, their hands wrapped around...
As Countrywide goes, so goes the industry
- 2007-11-01
Countrywide Financial Corporation, Calabasas, California, has gotten a tremendous amount of attention lately. The financial markets seem laser-focused on the company's every move. During periods in August and September, the markets were concerned about its viability. This is not the first time that the financial markets have been cruel to...
A new era: what does the future hold for the securitization model of mortgage lending? Could the era of the independent mortgage banking firm be a thing of the past?
- 2007-11-01
Countrywide Financial Corporation, Calabasas, California, became the nation's largest mortgage lender by thriving in chaotic times. After past periods of turmoil--such as the unexpected April 1994 interest-rate spike--Countrywide has been able to increase its market share in both originations and servicing. [??] Warning shots signaling coming challenges were fired earlier...
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