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A collection of news and information related to Countrywide Financial Corp. published by Tribune Company sources.
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FDIC's Bair says investors are fighting change BUSINESS
Of The Associated PressInvestors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a ''backlash'' from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairwoman of the Federal Deposit...Tags: Consumers, Government, Financial and Business Services, Bank of America Corp., National Government
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Face of Wall Street may change with shareholders vote on Bank of America-Merrill merger Friday
AP Business WriterCHARLOTTE, N.C. (AP) — When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. on Friday, they are expected to transform the bank into a business befitting its name and change the face of Wall Street. The shotgun deal,...Tags: Financial Services, Investments, Bank of America Corp., Morgan Stanley Dean Witter & Company, Merrill Lynch & Company Inc.
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FDIC chief Bair says investors fighting loan changes could provoke backlash from Congress
AP Business WriterWASHINGTON (AP) — Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the...Tags: Consumers, Government, Financial and Business Services, Bank of America Corp., National Government
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AP IMPACT: They warned us: US was told to 'expect foreclosures, expect horror stories'
Associated Press WriterWASHINGTON (AP) _ The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient...Tags: Investments, Government, Financial and Business Services, California, National Government
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Buffett's banking bets right on the money
Bloomberg NewsBloomberg News Billionaire Warren Buffett's decision to increase his stake in financial companies, including Wells Fargo & Co. and U.S. Bancorp, and avoid subprime lenders is paying off for Berkshire Hathaway Inc. Berkshire's bank-related investments...Tags: Berkshire Hathaway Incorporated, The Goldman Sachs Group Incorporated, J.P. Morgan Chase & Co., Bank of America Corp., Wells Fargo & Co.
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IN BRIEF
Yahoo Inc. chief executive Jerry Yang will step down, following his failure to negotiate a proposed takeover by Microsoft Corp. and broker an online advertising agreement with Google Inc. Yahoo is searching for a replacement, the company said yesterday in...Tags: Mail Order Industry, Barack Obama, Manhattan (New York City), Yahoo! Inc., New York
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BofA boss' bad-news tour makes a stop in Chicago
Ken Lewis is getting a lot of attention these days as he gives voice to the gloom in the financial-services sector. The Bank of America boss has spread the bad news from "60 Minutes" to the Detroit Economic Club—imagine what a happy bunch that must...Tags: Manpower Incorporated, Dining and Drinking, LaSalle Bank, J.P. Morgan Chase & Co., Employees
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Massive bailout for mortgage holders planned
THE ASSOCIATED PRESSThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The plan, announced...Tags: J.P. Morgan Chase & Co., Citigroup Incorporated, Financial and Business Services, Business, Bank of America Corp.
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State rides to the rescue
Amid the widening housing crisis, Gov. Martin O'Malley plans to announce today an agreement with some of the nation's largest loan servicers to help homeowners who have fallen behind in their mortgage payments to avoid foreclosure. Under the accord,...Tags: Executive Branch, Labor Legislation, California, Bank of America Corp., Foreclosures
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Dodd's Campaign Money Shift Raises Questions
Sen. Christopher Dodd's bewildering odyssey of entitlement, evasions and deceptions continued last week. He shed more credibility as he staggered through new excuses for concealing from the public documents related to his cut-rate mortgages of nearly...Tags: Values, Barbara Boxer, Kevin Rennie, Ethics, Legal Service
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'Friends Of Angelo' Were VIPs, And Knew It
Sen. Dodd keeps trying to tell us how he is helping save America from the mortgage banker sleazebags but we can't forget the favors he got from the mortgage banker sleazebags. The senator is struggling to figure out why folks can't get over those no-big-...Tags: Employees, Connecticut, East Haddam, Parliament, West Hartford
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Government announces new loan aid
The Associated PressThe government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The Federal Housing...Tags: J.P. Morgan Chase & Co., Financial and Business Services, Citigroup Incorporated, Bank of America Corp., Foreclosures
Dec 5, 2008
|Story| Allentown Morning Call
Dec 4, 2008
|Story| Associated Press
Dec 4, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Nov 28, 2008
|Story| Chicago Tribune
Nov 18, 2008
|Story| Newsday
Nov 21, 2008
|Column| Chicago Tribune
Nov 11, 2008
|Story| Newsday
Nov 7, 2008
|Story| Baltimore Sun
Oct 26, 2008
|Column| Hartford Courant
Oct 28, 2008
|Column| Hartford Courant
Nov 11, 2008
|Story| Associated Press
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