BANK OF AMERICA, N.A., Successor by Merger to BAC Home Loans Servicing, FKA Countrywide Home Loans Servicing, LP | Search

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US & Canadian companies
Brian Moynihan’s challenge to lift BofA’s revenues after $16.5bn fine
...A lawyer by training, he threw himself into the bank’s mortgage problems, cleaning up the mess of subprime home loans that helped spark the global financial crisis....
August 21, 2014
Property sector
Concern US housing relief skips the hardest hit
...One government official says a large number of the modified loans in the NMS were originated by mortgage lender Countrywide, which he said targeted low-income communities, suggesting relief did reach those...
August 7, 2014
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
News in-depthUS downturn
US finance: An enduring squall
...Losses incurred by what is the second-biggest US bank by assets from its acquisition of the mortgage originator run into the tens of billions of dollars – making the deal one of the worst mergers in history...
January 19, 2012
US & Canadian companies
US banks offered deal over lawsuits
...The talks aim to settle allegations that banks including Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial seized the homes of delinquent borrowers and broke state laws by employing...
September 5, 2011
US & Canadian companies
Moynihan upbeat at BofA annual meeting
...BofA’s 2009 purchase of Countrywide Financial, hailed then as a rare opportunity to secure the bank’s position as the nation’s top mortgage lender, now stands as a drain on the bank’s profits and the biggest...
May 12, 2011
FT AlphavilleTracy Alloway
Those blemished Countrywide credit loans
...These are Countrywide loans, and Bank of America comes in the frame since it bought the consumer lender bought by BofA back in 2008....
October 20, 2010
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
FT AlphavilleCardiff Garcia
BlackRock, Pimco, NY Fed coming after BofA, Bloomberg says
...The bondholders wrote a letter to Bank of America and Bank of New York Mellon Corp., the debt’s trustee, citing alleged failures by Countrywide to service the loans properly, their lawyer said yesterday...
October 19, 2010
FT AlphavilleIPOs
See you in court, Countrywide edition
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
August 13, 2008
US & Canadian companies
Countryside takeover agreed amid lawsuits
...Countrywide and Angelo Mozilo, chief executive, were named in civil suits filed by the states’ attorneys-general, raising fresh questions over the extent of Bank of America’s exposure to Countrywide’s potential...
June 25, 2008
John Dizard
Countrywide deal is far from shot
...Now there’s a barrage of leaks, reports, whispers, and so on suggesting that the acquisition of Countrywide by Bank of America will unravel, or that somehow the Countrywide bank can be “saved” while the...
May 11, 2008
News in-depthGlobal Economy
Value to unlock: Banks are starting to find buyers for mortgage securities
...A year later, losses that left Countrywide on the brink of bankruptcy are pushing the biggest US home lender into the arms of Bank of America, in a deal that may yet fall through....
May 11, 2008
Property sector
Countrywide rises as BofA affirms merger
...Shares in Countrywide rose 6.4 per cent to $6.33 by mid-afternoon. Bank of America’s $4bn offer values each share at about $7.19....
January 29, 2008
Q&AUS states of emergency
Credit markets outlook
...Rising defaults on US subprime mortgages - home loans to borrowers with poor credit histories – have forced dozens of lenders to close, and caused market mayhem....
August 6, 2007
European banks
How to balance incentives and teamwork
...The Small Firm Loan Guarantee scheme is a term loan from a bank guaranteed by the Department for Trade and Industry....
December 9, 2005

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