The Federal Trade Commission caught Countrywide for having cheated 450,000 homeowners that struggled to keep their homes. More than twice as many homeowners as the FTC had anticipated. The FTC reached an agreement with Bank of America which agreed to […]
Ever get the feeling that the banks just don’t lose? $352 billion in mortgage bonds were sold by Countrywide to pension fund investors. The investors claim that the amount of risk for these loans was not disclosed, they were originated […]
How many of you know who Angelo Mozilo is? Ever hear of a company called Countrywide? I can already hear all of your uh-huh’s and oh yeah’s. Well unless you’ve been under a rock you’ll remember that this individual was the […]
