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Finally, Borrowers Score Points
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The FTC's $108 million settlement with the Bank of America for some of the questionable practices of Countrywide in its mortgage business, and its billing of borrowers way beyond the usual rates for services. The money will go to some 200,000 borrowers.
Bank of America mortgage settlements
01/05/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Finally, Borrowers Score Points
New York Times 06/11/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Bank of America to Pay $17 Billion in Justice Department Settlement
Wall Street Journal 08/21/2014
Countrywide, its founder Angelo Mozilo, and Bank of America
01/05/2009
Countrywide is now a unit of Bank of America. Countrywide became known for questionable practices in the mortgage lending business. Countrywide turns out to be a failed and dangerous acquisition for Bank of America.
Grouped Articles
BofA's Blunder: $40 Billion-Plus
Wall Street Journal 06/29/2012
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Court Weighs Penalty in Bank of America 'Hustle' Case
Wall Street Journal 12/06/2013
Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million
New York Times 10/15/2010
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill
Wall Street Journal 07/29/2014
Bank of America mortgage unit
01/05/2009
The effort to cleanup 1.3 million delinquent loans, a large part of which came with the acquisition of Countrywide Financial in 2008. Countrywide led by Mozilo is said to be one of the largest firms behind the mortgage mess.
Grouped Articles
BofA's Blunder: $40 Billion-Plus
Wall Street Journal 06/29/2012
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Finally, Borrowers Score Points
New York Times 06/11/2010
Court Weighs Penalty in Bank of America 'Hustle' Case
Wall Street Journal 12/06/2013
Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million
New York Times 10/15/2010
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
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