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. - All News and Analysis
Judge Will Not Sign Off on BofA, SEC Bonus Pact
BNET
- 2009-08-10
By Jonathan Stempel NEW YORK (Reuters) - A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp BAC over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to determine if it was fair...
Hold on to Your Wallets, Subprime Stan Is Back
Seeking Alpha
- 2009-08-05
Trader Mark submits: I want to post this article in full since it is so excellent. Let me simply say there are certain people in any business who know how to milk the system. In the Wall Street game, if you exclude the mainstream bankers clearly experts I have to...
Countrywide Exec Warned the Fed About Toxic Mortgages
Seeking Alpha
- 2009-06-10
Tom Lindmark submits: Well, this is interesting. If you’ve read the SEC complaint against Countrywide’s Angelo Mozillo and other executives you probably noticed the name John P. McMurray popping up several times. He was the chief risk manager at Countrywide CFC who saw the problems coming, alerted management and was...
SEC vs. Mozilo: Show Trial?
Seeking Alpha
- 2009-06-04
The SEC announced they are going to take on Angelo "Lee" Mozilo, former CEO of Countrywide Financial CFC. They have charged him with insider trading and misleading shareholders. Shocking! Several months ago the SEC sent Mozilo a Wells letter. This a very bad letter to get in the mail....
Brown Rudnick Announces Settlement Reached in Lawsuit Regarding Countrywide's Series B Floating Rate Convertible Senior Debentures Due 2037
- 2008-10-10
Countrywide agrees to commence tender offer for the Debentures NEW YORK -- Brown Rudnick LLP, a premier international law firm, today announced that The Bank of New York Mellon (the "Trustee"), solely in its capacity as Indenture Trustee, and Countrywide Financial Corporation ("Countrywide") settled their ongoing litigation filed in...
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...
Hedge Fund Tracking: Blue Ridge Capital (John Griffin)
Seeking Alpha
- 2008-08-19
Market Folly submits: Four times a year, hedge funds & asset managers with > $100 million AUM assets under management are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are...
Forensic Analysis of Lehman Problems
Seeking Alpha
- 2008-08-19
Research Recap submits: Signs of trouble at Lehman Bros LEH were evident as long ago as the summer of 2006, according to Audit Integrity Chairman Jim Kaplan, and could have been detected by the kind of “forensic analysis” his firm employs. “At that time,” he says, “receivables began...
Small change
- 2008-08-18
Seacoast Commerce Bank reported a net loss of $1.77 million in the second quarter after setting aside $1.77 million for potential losses on problem loans. The bank grew its loans to $64 million, up 39 percent from the like quarter of 2007. Total assets were $75.9 million, up 20 percent...
Major presence by countrywide raises questions: company has several offices, many workers in Simi Valley
- 2008-08-18
With five buildings and thousands of employees located in the city, Simi Valley is the main West Coast presence of Countrywide Financial Corp. The company's Simi campus is also the second largest in the nation, although it is now under the ownership of Bank of America following a $2.5...
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Glass Door
Countrywide Financial
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