All Posts Tagged With: "Countrywide"
Mortgage News: Investors Have Rights Too
What rights do mortgage investors have when loan servicers want to change loan terms? That is the essential issue in this case which pits Greenwich Financial Services Distressed Mortgage Fund 3, LLC against Countrywide Financial Corporation, now a part of Bank of America.
Does the safe harbor provision created by Congress last March for mortgage servicers [...]
Countrywide Former CEO, Angelo Mozilo, Charged With Securities Fraud
The SEC has just posted the following news release:
The Securities and Exchange Commission today charged former Countrywide Financial CEO Angelo Mozilo and two other former executives with securities fraud for deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company’s market share. Mozilo was additionally charged with [...]
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