. . . . . Bank Of America Reaches Record $500 Million Settlement Over . Piggybankblog posted on 04/17/13 Cross linked huffingtonpost.com . April 17 (Reuters) – Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement [...]
+Continue Reading. . . . . You can pause intro music down below. BofA’s Countrywide Must Face FHFA’s Securities Fraud Claims . Piggybankblog posted on 03/18/13 Cross linked with bloomberg Bank of America Corp.’s Countrywide Financial unit must face securities fraud claims by the Federal Housing Finance Agency, which sued for damages as the conservator for [...]
+Continue Reading. . . . .You can pause intro music below Ex-Countrywide shareholders: Public policy dictates we can sue Mozilo . Piggybankblog posted on 02/15/13 Cross linked with reuters.com In 2008, plaintiffs’ lawyers were so close to lassoing onetime Countrywide chairman Angelo Mozilo in a derivative suit that they could practically smell his aftershave. The housing [...]
+Continue Reading. . . . Pause intro music down below. Countrywide deal still haunts Bank of America . Piggybankblog posted on 01/ 09/13 Cross linked with cbsnews.com (MoneyWatch) Bank of America’s troubles continue. After recent multi-billion dollar settlements with Fannie Mae and banking regulators, the financial giant expects to take a $2.7 billion hit to its [...]
+Continue Reading. . . . . You can pause intro music down below. THE GOVT. FINALLY THROWS MAN IN JAIL FOR MORTGAGE CRIMES! . Piggybankblog posted on 11/17/12 Cross linked businessinsider It is a topic of neverending frustration. Despite the millions of ridiculous mortgages made during the peak years of the housing bubble, despite the billions of dollars [...]
+Continue Reading. . . . . You can pause music down below. Angelo Mozilo Emails Reveal Executives Knew What Was Happening In 2005 - Never Seen By Public Until now! . Written by John Wright February 27th, 2012 I am in receipt of some very interesting and disturbing documents that I have received anonymously from someone who claims [...]
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