Posts Tagged ‘countrywide financial’

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BoA CEO Addresses Mortgage Business

Bank of America Corp.’s chief executive officer faced complaints at the company’s annual shareholder meeting about the bank’s handling of foreclosures. In his opening remarks, he worked to distinguish the successful parts of the company from the struggling mortgage business. He clearly laid the blame on the 2008 purchase of tottering mortgage lender Countrywide Financial [...]

Probe of Mortgage Official Is Said to Be Dropped

The closure of the case after two years of inquiry follows last October’s settlement by Angelo Mozilo, former head of Countrywide Financial, of insider trading allegations. View full post on Business Stories