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Countrywide Financial

DOJ wants $17B from Bank of America

FBN’s Liz MacDonald, Charles Schwab chief investment strategist Liz Ann Sonders and Hedgeye Risk Management CEO Keith McCullough on settlement talks between Bank of America and the DOJ.

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  1. U.S. Seeks $2.1B from BofA in Fraud Case

    The U.S. government has asked a judge to order Bank of America Corp (NYSE:BAC) to pay $2.1 billion, increasing its request for penalties stemming from a jury's findi...

  2. FHFA Recovered $8B from Banks in 2013

    The Federal Housing Finance Agency said Thursday it had recovered nearly $8 billion in 2013 from banks that sold the government-sponsored housing entities Fannie Mae...

  3. BofA's Countrywide To Pay $17 Mln To Massachusetts

    The former mortgage giant Countrywide will pay more than $17 million in a settlement with Massachusetts over mortgage-backed securities. Bank of America Corp. , whic...

  4. Miami Sues Big Banks Over Discriminatory Lending

    Miami has sued Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and Citibank (NYSE:C) in U.S. federal court in Florida, for discriminatory mortgage lending practic...

  5. PNC To Pay Freddie Mac To Settle Mortgage Dispute

    PNC Financial Services Group Inc will pay Freddie Mac $89 million to resolve all repurchase liabilities on home loans sold to the government-backed housing agency th...

  6. BofA, Freddie Mac Ink $404M Mortgage Deal

    Bank of America (NYSE:BAC) inked a $404 million mortgage repurchase agreement on Monday with Freddie Mac that covers outstanding and potential residential mortgage c...

  7. U.S. Wants BofA To Pay $864M Over Bad Loans: WSJ

    The U.S. government wants Bank of America to pay a penalty of $864 million for bad mortgages made from August 2007 until April 2008 and purchased by Fannie Mae and F...

  8. Bank of America seeks U.S. mortgage bond lawsuits dismissal

    Bank of America Corp asked a federal court on Friday to throw out two U.S. government lawsuits accusing the nation's second-largest bank of defrauding investors duri...

  9. Apollo boosts regular dividend amid asset sale bonanza

    Apollo Global Management LLC unveiled an increase in the regular component of its dividend as stronger than expected third-quarter earnings on higher fund values had...

  10. Fannie Mae sues nine banks for rigging Libor

    Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages....

  11. Fannie Mae Sues 9 Banks Over Libor

    Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages....

  12. Judge Finds Bank of America Liable for Fraud

    Bank of America Corp (NYSE:BAC) was found liable for fraud on Wednesday on claims related to defective mortgages sold by its Countrywide unit, a major win for the U....

  1. FHFA Reaches $9.3 Billion Settlement With Bank Of America

    The federal regulator of Fannie Mae and Freddie Mac has reached a $9.3 billion settlement with Bank of America over residential mortgage-backed securities that the m...

  2. BofA Reaches $9.5B Mortgage Settlement

    Bank of America (NYSE:BAC) inked a $9.5 billion settlement on Wednesday with the Federal Housing Finance Agency to resolve all of the bank's residential mortgage-bac...

  3. RBS Agrees To $275M Mortgage-Debt Settlement

    Royal Bank of Scotland Group Plc has agreed to pay $275 million to resolve a U.S. lawsuit accusing it of misleading investors in mortgage-backed securities, lawyers ...

  4. AIG holding BofA $8.5 billion settlement 'hostage,' investors say

    American International Group is holding "hostage" an $8.5 billion deal to compensate investors who bought Bank of America Corp mortgage securities, supporters of the...

  5. Russia Boosts Ukraine With $2B Fresh Credit

    Russia said on Monday it would give Ukraine a fresh cash injection of $2 billion to support its heavily indebted economy in a boost to the embattled president in Kie...

  6. Apollo's Fourth-Quarter Profit Drops 37 Percent

    Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday, failing to match its carried interest income from a year ago, y...

  7. Judge Approves Bank Of America $8.5 Bln Settlement

    Bank of America Corp. has been given approval to settle its case with investors for $8.5 billion over faulty mortgage-backed securities originated in its Countrywide...

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