Tag Archives: Countrywide

Another Countrywide headache for Bank of America in latest US Bancorp lawsuit

Posted on August 30, 2011 by pmarek

U.S. Bancorp latest to jump on the band wagon and sue Bank of America over poorly-written mortgage’s it bought off the company in 2005.

U.S. Bancorp (NYSE:USB) want Bank of America to buy back the bad mortgages that it bought …

Posted in Financial, Main Post | Tagged acquisition, AIG, American International, assets, BAC, bad mortgages, Bank of America, business, buy back, claim, Countrywide, crisis, defective loans, financial, firms, guidelines, lawsuit, loans, lucrative, mortageg, NYSE, NYSE:AIG, NYSE:BAC, NYSE:USB, poorly-written, purchased, repurchase, sue, U.S. Bancorp, underwriting, USB | Comments Off

AIG sues Bank of America for $10 billion

Posted on August 8, 2011 by Martin Timble

American International Group (NYSE:AIG) announced on monday that it has sued Bank of America (NYSE:BAC) for $10 billion stating that the bank screwed it over by selling residential mortgage-backed securities that were over priced.

The announcement helped to instigate a …

Posted in Financial, Latest Headlines | Tagged AIG, American International Group, BAC, Bank of America, claims, collaps, Countrywide, false, investors, market, Merrill Lynch, mortgages, NYSE:AIG, NYSE:BAC, risk, Securities | Comments Off

Bank of America settles $8.5 billion Countrywide lawsuit

Posted on June 29, 2011 by pmarek

Bank of America (NYSE:BAC) announced on wednesday that it has agreed to settle its $8.5 billion lawsuit brought against its Countrywide unit for poorly underwritten mortgages during the housing boom.

The huge lawsuit is still a fraction of the face …

Posted in Financial, Main Post | Tagged BAC, balance sheet, Bank, Bank of America, bilion, Countrywide, housing boom, industry, investors, lawsuit, litigation, mortgages, NYSE:BAC, principle, Securities, settlement | Comments Off

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Tag Archives: Countrywide

Another Countrywide headache for Bank of America in latest US Bancorp lawsuit

AIG sues Bank of America for $10 billion

Bank of America settles $8.5 billion Countrywide lawsuit

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