In today’s sizzling housing market, mortgage lenders like Countrywide Financial Corp. have made huge profits selling their loans to investors. But a decision by the Calabasas-based company to sell ...

NEW YORK — The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted ...

NEW YORK (AP) – Federal prosecutors want Bank of America Corp. to pay about $864 million over losses incurred by the government after it bought thousands of home loans made by Countrywide Financial ...

WASHINGTON - The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, ...

The government on Tuesday said former Countrywide CEO Angelo Mozilo personally approved mortgages for favored borrowers that violated the company’s policies and lending standards. Countrywide ...

(Reuters) - No, you didn’t misread that headline: After 12 years of litigation, the insurer Ambac Assurance Corp is scheduled for a bench trial in September in Manhattan state court to prove its ...

MANHATTAN (CN) - A mortgage insurer claims that Countrywide Financial Corp., whose "notorious lending practices have been ... the subject of numerous state and federal investigations," is trying to ...

The mortgage company Countrywide Financial used a VIP program to give preferential treatment to members of Congress, Capitol Hill staffers and senior government officials, according to a report ...

California Attorney General Jerry Brown filed a lawsuit today against the nation's largest home loan lender, charging Calabassas-based Countrywide Financial Corp. with deceptively pushing homeowners ...

A new report issued by the House of Representatives accuses Countrywide Financial of issuing “sweetheart loans” to members of Congress, their staffs, and government employees through a secret “VIP ...

Bank of America Corp. was found liable for fraud Wednesday on claims related to defective mortgages sold by its Countrywide unit. The jury decision was a major win for the U.S. government in one of ...