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Experts view Countrywide as being at the core of the problems at Bank of America, which has lost 60% of its share price in 2011.
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
Board failures and lack of action to make much needed changes after this helped cause the economic crisis of 2008-09.
06/01/2009
Board failures at companies like Fannie Mae, Countrywide, WaMu, GM and others which led to huge losses for taxpayers, communities, and laid off employees.
Grouped Articles
New York Times 05/11/2013
The 40-Year Club: America's Longest-Serving Directors
Wall Street Journal 07/16/2013
BusinessWeek 06/01/2009
An Unfinished Chapter at Countrywide
New York Times 08/23/2014
G.M.’s Board Is Seen as Slow in Reacting to Safety Crisis
New York Times 09/07/2014
What Iceberg? Just Glide to the Next Boardroom
New York Times 12/27/2009
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 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
Bank of America's Chief Risk Officer
07/09/2011
Grouped Articles
After Crisis, Risk Officers Gain More Clout at Banks
Wall Street Journal 06/26/2014
BofA Names Laughlin as Risk Chief
Wall Street Journal 07/09/2011
BofA Again Faces Capital Conundrum
Wall Street Journal 07/12/2011
Bank of America Shares Fall to Lowest Point in Two Years
New York Times 08/09/2011
$335 Million Settlement on Countrywide Lending Bias
New York Times 12/21/2011
Wall Street Journal 12/27/2011
"Project New BAC" and Bank of America layoffs
08/19/2011
Bank of America plans to layoff 40,000 employees as part of "Project New BAC."
Grouped Articles
Strong Trading Revenue Boosts Bank of America's Profit
Wall Street Journal 07/18/2013
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’s Woes Test ‘Fixer’ CEO
Wall Street Journal 05/15/2015
Bank of America Financial Chief Exits as Part of Shake-Up
Wall Street Journal 07/23/2015
Bank of America Plans Big Layoffs To Cut Costs
New York Times 08/19/2011
Bank of America after Ken Lewis.
01/17/2009
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
Countrywide and Bank of America legal settlements
01/05/2009
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
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Countrywide seen as being at the core of the problems at Bank of America in 2011-2014
01/05/2009
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
BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill
Wall Street Journal 07/29/2014
Judge Orders Bank of America to Pay $1.27 Billion in 'Hustle' Case
Wall Street Journal 07/30/2014
Bank of America and U.S. regulators
11/22/2011
Grouped Articles
Wall Street Journal 11/22/2011
Wall Street Journal 12/27/2011
Wall Street Chiefs Set a New Agenda
Wall Street Journal 02/28/2012
Bank of America performance 2010-2014
01/05/2009
Grouped Articles
Bank of America Gets Down to Business
Wall Street Journal 07/17/2013
Strong Trading Revenue Boosts Bank of America's Profit
Wall Street Journal 07/18/2013
Bank of America's Profit Exceeds Estimates
New York Times 01/15/2014
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 Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Bank of America's difficult financial position- 2011-2013
08/24/2011
Declining share price and increasing yields on bonds issued by Bank of America in 2011.
Grouped Articles
Bank of America’s Woes Test ‘Fixer’ CEO
Wall Street Journal 05/15/2015
Wall Street Journal 08/24/2011
Buffett Bets $5 Billion on BofA
Wall Street Journal 08/26/2011
Wall Street Journal 08/26/2011
Wall Street Journal 08/30/2011
BofA Faces Fresh Mortgage Suit
Wall Street Journal 08/31/2011
Bank of America bad loan buybacks
01/03/2011
Grouped Articles
Bank of America to Buy Back Bad Loans From Fannie, Freddie
Wall Street Journal 01/03/2011
BofA's Premature Mortgage Celebration
Wall Street Journal 01/04/2011
Banks Could Face $60 Billion Tab on Mortgage Loans
New York Times 02/10/2011
Mortgage Woes Stall Bank of America Revival
New York Times 04/16/2011
Bank of America Shares Fall to Lowest Point in Two Years
New York Times 08/09/2011
Wall Street Journal 12/27/2011
The cost to Bank of America of the $2.5 billion acquisition of Angelo Mozilo's Countrywide is estimated at $40 billion in 2012
12/27/2011
In many ways the business practices at Countrywide were at the heart of the mortgage and real estate crisis of 2008. The cost of this for Bank of America is estimated at $40 billion.
Linked Articles
BofA's Blunder: $40 Billion-Plus
Wall Street Journal 06/29/2012
Wall Street Journal 12/27/2011
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