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San Diego City Attorney Wants City To Be Foreclosure Sanctuary
"San Diego City Attorney Wants City To Be Foreclosure Sanctuary"San Diego City Attorney Michael Aguirre, today, filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he wants to...
The Vetter needed Vetting, Johnson resigns from Obama's VP Search
The Vetter needed Vetting, Johnson resigns from Obama's VP SearchA manager of Democrat Barack Obama's vice presidential search team resigned Wednesday amid criticism over his personal loan deals."Jim did not want to... Don’t Bank on a Countrywide Purchase (CFC, BAC)
"Don’t Bank on a Countrywide Purchase (CFC, BAC)"Countrywide reportedly under FBI investigation
Put this in your "no real surprise to anyone who pays attention" folder - "NEW YORK (CNNMoney.com) -- The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp. according to a U.S. government official, CNN has...House Panel Questions High Pay for CEOs
Like the oil company profits last year, it's another situation of individuals making a lot of money in sectors experiencing trouble."The heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions...France: 21 police officers injured in clashes with rampaging youth in Paris s...
Two youth on motorcycle ignoring traffic rules, died after driving into the side of a Police car. The neighbourhood erupting into a war zone in this predominately poor neighbourhood resulted in the Police... US home foreclosures double
With so many folks living literally on credit, the U.S. mortgage industry is only getting worse according to this report. --------------------------------------------------"US home foreclosure filings doubled... Nation's #1 Home Lender to Cut 12,000 Jobs
Countrywide, the nation's No. 1 home lender, said yesterday that it would cut as many as 12,000 jobs, or about 20% of its workforce. It said the downturn in the housing market and the credit crunch related to...Bank of America makes investment in Countrywide Financial
Buys convertible preferred stock for $2 billion Charlotte, North Carolina (ANTARA News/PRNewswire-AsiaNet) - Bank of America Corporation today announced it has made an investment in Countrywide Financial Corporation, thelargest mortgage lender in the United States. Bank of...Countrywide Bank Customers Withdrawing Money in Panic
Californians rush to pull money from Countrywide BankParent of home loan company assures that bank is stable http://www.ajc.com/business/content/business/stories/2007/08/17/countrywidebank0817.htmlCountrywide Borrows $11.5B From 40 Banks
Aug 16 08:51 AM US/Eastern - By STEPHEN BERNARD - AP Business Writer NEW YORK (AP) - The nation's largest mortgage lender borrowed $11.5 billion from a group of 40 banks to fund new loans, in a move that shows just...South Africa Strike Ends: Differing Accounts Emerge
The Congress for South African Trade Unions claim that 600,000 public workers took part in a nationwide strike over a pay increase, whilst government spokespeople put the number at 70,000. One thing that both sides agree on is that the situation that led to the strike remains...Countrywide laying off more than 2,500 employees (Reuters)
" NEW YORK (Reuters) - Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said it expects to cut staff by more than 2,500 employees to help save more than $500 million as demand for home loans slumps. The cuts affect about 4 percent of Calabasas,...
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