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California officials expand Countrywide lawsuit - San Diego Union-TribuneLOS ANGELES – State officials expanded a previously filed lawsuit against Countrywide Financial Corp., adding allegations on Thursday that the mortgage lender rewarded staff for selling risky loans. The new claims amended a lawsuit filed on June 20 ...
Wachovia sues California mortgage firm over loans - Charlotte Business JournalStruggling to manage its mortgage losses, Wachovia Corp. is suing a California mortgage lender for failing to buy back bad loans. The dispute involves nearly $12 million in home-equity mortgage loans that Wachovia’s corporate and investment-banking ...
California officials expand Countrywide lawsuit - Los Angeles TimesCountrywide Financial Corp., which faltered earlier this year under the weight of soured mortgages, made a practice of doling out bonuses to employees who sold risky loans, California officials alleged in an amended lawsuit Thursday. The allegations ...
Tamalpais Bank dips toe in mortgage business - Marin Independent JournalTamalpais Bank has launched a program with First California Mortgage Co. in Petaluma to offer residential home purchase and refinance loans for as much as $10 million. Officials at San Rafael-based Tamalpais Bank said the strategic relationship with ...
California expands Countrywide lawsuit - Baltimore SunCalifornia has expanded a lawsuit against Countrywide Financial Corp. , adding allegations that the mortgage lender rewarded staff for selling risky loans. The attorney general's office detailed the new claims yesterday, amending a lawsuit accusing ...
Federal insurance program protects most bank deposits - Fort Lauderdale Sun-SentinelA bank failure in California. The federal government's planned bailout of the nation's largest mortgage holders, Fannie Mae and Freddie Mac . The strong possibility that more banks could collapse. Is your cash safe in the bank? Banking experts say ...
California expands lawsuit against Countrywide - International Herald TribuneLOS ANGELES : State officials expanded a previously filed lawsuit against Countrywide Financial, adding allegations on Thursday that the mortgage lender rewarded staff for selling risky loans. The new claims amended a lawsuit filed on June 20 by the ...
Do you know if your bank account is insured? - Indianapolis StarThe federal takeover of IndyMac, a California-based mortgage lender that had $32 billion in assets, has led a lot of folks to wonder whether their own bank will be the next victim of the credit crunch. That's not an unreasonable concern. The Federal ...
Finance and fear - Baltimore SunCongressional action to assist mortgage giants Fannie Mae and Freddie Mac , and the failure of California bank IndyMac, gave bloggers plenty of targets this week. A sampling of the commentary: Q.: What's your diagnosis of what happened to Fannie Mae ...
Bad-mouthing banks? You might be breaking the law - Atlanta Journal ConstitutionIn case you're wondering whether growing pressure on the nation's financial institutions could cause your neighborhood bank to crack, you might want to keep it to yourself. That's the message of little-known statutes on Georgia's and many other ...
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