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banks, countrywide
(Image from article: "S.E.C. Accuses Countrywide’s Ex-Chief of Fraud")

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Investors Accuse Bank Of America Of Continuing Countrywide’s Bad Practices

Most of the $40 billion Bank of America has set aside to pay out over the mortgage meltdown can be blamed on malfeasance at Countrywide Financial. But some investors say that BofA’s hands are not totally clean in this mess — and that the bank has gotten off too easy thus far.

 

U.S. sues BofA, calling loan fraud 'brazen'

Countrywide

The $1-billion civil suit alleges that BofA's Countrywide fraudulently deceived mortgage finance giants Fannie Mae and Freddie Mac into believing the company's risky loans were safe and sound.

 

Countrywide exec often warned about mortgage risks

John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk.

 

S.E.C. Accuses Countrywide’s Ex-Chief of Fraud

S.E.C. Accuses Countrywide’s Ex-Chief of Fraud

The former chief, Angelo R. Mozilo, is the highest-profile person to face charges in the wake of the financial crisis.

 

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