countrywide financial corp.

Latest countrywide financial corp. Items
  • ASSOCIATED PRESS
SPILL SALVO: Attorney General Eric H. Holder Jr. announces a lawsuit against BP PLC on Wednesday. The Justice Department accuses the company of failing to take proper safety precautions.

    EDITORIAL: Justice Department's political action

    The Justice Department has been empowered to use millions of dollars intended to go to victims of racial discrimination to enrich pressure groups with close White House ties. It's another revelation of the means the Obama administration is using to divert funds to political cronies.


  • SEC: Ex-CEO OK'd special loans for powerful

    Federal regulators say former Countrywide Chief Executive Angelo Mozilo personally approved mortgages for favored borrowers that violated the company's policies and lending standards.


  • Politics Scene

    A Republican lawmaker says documents show the former Countrywide Financial Corp. may have targeted Senate employees for sweetheart mortgage deals.


  • World markets take hit

    World markets swooned again yesterday as Countrywide, the largest U.S. mortgage lender, edged toward insolvency and Moody's, Wall Street's top credit agency, warned of hedge-fund collapses on a scale not seen since the 1998 world financial meltdown.


  • Wall Street extends retreat

    NEW YORK (AP) — Wall Street plunged again today, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors' fears that credit problems are spreading. The market shrugged off the Federal Reserve's injection of $17 billion into the banking system, and the Dow Jones Industrial Average fell more than 300 points.


  • Global banks ride to rescue

    Reports that two the nation's largest home lenders were having trouble getting funds for mortgages prompted the world's central banks yesterday to step up rescue efforts with a record $323 billion of cash infusions aimed at averting a market crisis.


  • Fannie Mae asks to buy more mortgages

    Fannie Mae gave hope to gloomy markets yesterday by asking regulators for permission to purchase more mortgages from struggling lenders — a move that would help to ease the worsening Wall Street credit crunch.


  • Falling home prices blamed for defaults

    Countrywide, the nation's largest mortgage lender, yesterday said falling home prices and deteriorating market conditions prompted increased defaults and losses on prime home-equity loans in the spring — one of the clearest signs yet that the credit crunch is spreading beyond subprime and infecting average borrowers.


  • Falling home prices blamed for defaults

    Countrywide, the nation's largest mortgage lender, yesterday said falling home prices and deteriorating market conditions prompted increased defaults and losses on prime home-equity loans in the spring — one of the clearest signs yet that the credit crunch is spreading beyond subprime and infecting average borrowers.


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