Countrywide Financial Corp.

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countrywide financial corp. - All News and Analysis

• 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...

  Tags: Financial, Tom Lindmark, Countrywide Financial Corp.

• Countrywide Exec Warned on Loans at Fed '06 Meeting

  Reuters - 2009-06-09

  By Steve EderNEW YORK (Reuters) - The chief risk officer of Countrywide Financial Corp, the poster-child company for the loose U.S. home loans that staggered the world economy, was warning against them even when it put him at odds with his own company -- and with Fed chairman Ben Bernanke.At...

  Tags: Countrywide Financial Corp., Federal Reserve Board, Mortgages, Strategy, Bank of America Corp., Ben Bernanke, J.P. Morgan Chase & Co., John P. McMurray

• 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....

  Tags: US Market, Financial, Bruce Krasting, Countrywide Financial Corp.

• 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...

  Tags: bond, Countrywide, Countrywide Financial Corp., FINANCE, Investment, lawsuit, Litigation, settlement

• 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...

  Tags: attorney, Countrywide Financial Corp., FINANCE, Illinois, mortgage, Mortgages, Wisconsin

• 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...

  Tags: US Market, Apple Inc., Amazon.com Inc., Anadarko Petroleum Corp., American Express Co., Bare Escentuals Inc., Burlington Northern Santa Fe Corp., Countrywide Financial Corp., Crocs Inc., Covanta Holding Corp., Fannie Mae, Goodrich Petroleum Corp., Google Inc., Millipore Corp., NetFlix Inc., NutriSystem Inc., Rowan Cos. Inc., Charles Schwab & Co. Inc., Target Corp., Grupo Televisa, Visa Inc., Vulcan Materials Co., Wal-Mart Stores Inc., Wyeth

• 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...

  Tags: Financial, Countrywide Financial Corp., Lehman Brothers Holdings Inc.

• 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...

  Tags: asset, Bank of America Corp., Countrywide Financial Corp.

• 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...

  Tags: Bank of America Corp., Countrywide Financial Corp., FINANCE, Investment, Mortgages, NETWORKING, worker

• Another Leg Down for Financials Is Coming

  Seeking Alpha - 2008-08-14

  Colin Peterson submits: I think there will be at least one more big leg down. I see numerous potential catalysts; here are two:CFC or the creditors file a BK petitionbank failures, e.g. VNBC, BKUNA, and DSL Check out the deterioration in the enormous CFC option-ARM portfolio.  (Calculated Risk did...

  Tags: Financial, Countrywide Financial Corp., Downey Financial Corp., Vineyard National Bancorp