Yahoo Web Search

Search results

      • Countrywide Credit Industries Inc. will change its name this week to Countrywide Financial Corp. as executives look to convey to investors and the public that the company is more than just a mortgage lender.
      www.americanbanker.com › news › countrywide-aims-to-say-more-with-a-shorter-name
  1. People also ask

  2. Jun 22, 2009 · The company changed its name from Countrywide Credit Industries to Countrywide Financial Corporationa proclamation that it was no longer a mere mortgage company. A...

  3. Jan 11, 2013 · In the introduction to this report, we mistakenly say Bank of America bought Countrywide Financial for $40 billion. In fact, BoA paid $4 billion for Countrywide. As of early 2013, when...

  4. Dec 21, 2011 · "In today’s settlement with Countrywide Financial Corporation, we resolved the government’s allegations that Countrywide and its subsidiaries – which are now owned by Bank of America – engaged in discriminatory mortgage lending practices against more than 200,000 qualified African-American and Hispanic borrowers from 2004 through 2008," said Attorney General Holder.

  5. Oct 6, 2008 · In addition to the settlement’s direct relief to borrowers, Bank of America, who negotiated the settlement with the Attorney General following its acquisition of Countrywide, has agreed that it will suspend offering, under its own name or through Countrywide, subprime loans or loans that can negatively amortize.

  6. Finally, on July 1, 2008, Bank of America Corporation completed its purchase of Countrywide Financial Corporation. In 1997, Countrywide spun off Countrywide Mortgage Investment as an independent company called IndyMac Bank . [5]

  7. Jan 11, 2008 · NEW YORK (CNNMoney.com) -- Bank of America came to the rescue of embattled mortgage lender Countrywide Financial Corp. Friday, announcing it would buy the company for $4 billion in...

  8. Dec 21, 2011 · The Department of Justice today filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against qualified African-American and Hispanic borrowers in their mortgage lending from 2004 through 2008.