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

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Capital markets
Private mortgage deals signal slow rebound
...RCO priced a $43m floating rate bond backed by loans originated by Citadel Servicing Corporation, in which investors are protected from the first 23 per cent of losses....
December 16, 2015
News in-depthFTfm
Investment strategy: The new property barons
...Mr Gray borrowed $20bn to finance the Hilton deal. As the hotel group’s prospects darkened and profits collapsed, the banks had to write down the value of their loans to Hilton....
April 3, 2016
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
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
...Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, and Ally Financial, which acquired Rescap, sent relief to 49 states as part of the deal with the Department of Justice and state attorneys-general...
August 7, 2014
FT AlphavilleDavid Keohane
The 6am London Cut
...– ignored “pervasive” deficiencies in the underlying loan pools and the servicing of the loans....
June 19, 2014
European companies
Distress specialists eye value in Europe
...After being recapitalised and helped by liquidity injections by the European Central Bank, European lenders are expected to sell loans with €80bn of combined face value next year, after disposing of about...
December 29, 2013
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
FT AlphavilleEquities
The 6am Cut London
...(Wall Street Journal)(Financial Times) Troika report warns of more uncertainty on Greek debt servicing: “Downside risks have increased significantly compared to the second review, particularly as regards...
July 18, 2013
FT AlphavilleDavid Keohane
The (early) Lunch Wrap
...The central charge is that foot-dragging by policy makers allowed a host of at-risk investors in bank debt to pass their pain to Europe’s taxpayers, as the crisis gathered pace....
July 18, 2013
Capital markets
Tide starts to turn for mortgage securities
...that forces securitisers to keep a slice of the loan to ensure their interests are aligned with those of investors....
December 18, 2012
FT AlphavilleCentral banks
The (early) Lunch Wrap
...NEWS Banks reach mortgage settlements of more than $20bn: BofA agreed to pay $11.6bn to Fannie Mae to resolve a protracted legal battle over bad loans....
January 8, 2013
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
beyondbricsEurozone economy
London headlines
...of a U.N....
February 3, 2012
beyondbricsMarkets
Cemex: Rinker comes home to roost
...In other words, it has been a good debtor. Most likely, the banks will reward that by renegotiating terms in case of failure to fulfil the covenant....
October 11, 2011
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 Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
European banks
Private equity: Uncertain prospects
...The purchase by Bain Capital, KKR and the Merrill Lynch unit of Bank of America symbolised a sector apparently at the height of its powers....
April 17, 2011
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 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 AlphavilleCardiff Garcia
Bondholders vs BofA, continued
...Second, RBS just released an estimate of how much repurchases will ultimately cost the four largest US banks: Bank of America, Citigroup, JP Morgan Chase, and Wells Fargo....
October 20, 2010
US & Canadian companies
BofA lines up candidates to replace chief
...Bank of America’s board of directors will meet on Friday to begin the process of selecting a successor to Ken Lewis as chief executive, with potential candidates including several outside executives with...
October 1, 2009
World
Brinkmanship was not enough to save Lehman
...Bank of America quickly announced it had entered merger discussions with Merrill Lynch, while Barclays withdrew from the race....
December 15, 2008
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
...As a result, say CreditSights, Bank of America may recognise the legal liability expense in their income statements over time. Additional reporting by Ben White in London...
June 25, 2008
John Dizard
Countrywide deal is far from shot
...As far as the prospective Bank of America deal goes, he continues: “We are aware of what the Bank of America auditors have been looking over during these months, and it is hard to imagine that B of A would...
May 11, 2008
News in-depthGlobal Economy
Broken brothers: How brinkmanship was not enough to save Lehman
...Bank of America quickly announced it had entered merger discussions with Merrill Lynch, while Barclays withdrew from the race....
September 15, 2008

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