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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
Grouped Articles
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Bank of America Chief Resigns Under Fire
Wall Street Journal 10/01/2009
Job's Breadth Poses Challenge to Possible Successors
Wall Street Journal 10/01/2009
Perils for Big Players Stir Management Changes at the Top
Wall Street Journal 10/01/2009
Wall Street Journal 09/30/2009
Ken Lewis’ Farewell Letter: A Journey “Not For the Faint of Heart”
Wall Street Journal 09/30/2009
Grouped Articles
Bank of America Profit Climbs, Helped by Cost-Cutting Progress
Wall Street Journal 01/17/2014
Bank of America's High-Class Problem
Wall Street Journal 01/17/2014
Bank of America Caught in Rates Tide
Wall Street Journal 10/16/2014
Bank of America’s Woes Test ‘Fixer’ CEO
Wall Street Journal 05/15/2015
Bank of America’s Profit Surges After Moving Beyond Legal Woes
Wall Street Journal 07/15/2015
Bank of America More Than Doubles Quarterly Profit to $5.3 Billion
New York Times 07/15/2015
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
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