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Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the stand proves to be accurate, paperwork problems ...
Countrywide Financial, Calabasas, California: Bank of America, Charlotte, North Carolina: Mortgage lender $ 4 × 10 ^ 9 [10] July 14, 2008: Alliance & Leicester: Grupo Santander: Retail and mortgage bank £ 1.26 × 10 ^ 9 [11] August 26, 2008: Roskilde Bank: Danmarks Nationalbank (Danish Central Bank) Retail bank $ 896,800,000 (kr4,500,000,000 ...
A document executed by Countrywide after its demise appears to meet the definition of forged, and using it to foreclose on someone if the bank doesn't otherwise have the right to foreclose appears ...
The lawsuit accused Countrywide, and later Bank of America, of selling thousands of Hustle loans to Fannie and Freddie. The lawsuit says that that the Hustle program continued through 2009.
August 15: The stock of Countrywide Financial, which is the largest mortgage lender in the United States, falls around 13% on the New York Stock Exchange after Countrywide says foreclosures and mortgage delinquencies have risen to their highest levels since early 2002.
Large-scale buybacks could open gaping wounds on bank balance sheets, a risk Bank of America is particularly vulnerable to because it swallowed Countrywide's gigantic -- and now infamously ...
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