Business | Jim Puzzanghera | June 5, 2009
Regulators took on the mortgage industry's best-known figure Thursday, accusing former Countrywide Financial Corp. Chief Executive Angelo Mozilo of hiding his alarm about risky loans the company was making at the height of the housing boom while he was reaping nearly $140 million in profits on stock sales.
Business | E. Scott Reckard | May 29, 2009
Bank of America Corp. has lost a bid to dismiss most of a combined lawsuit accusing its Countrywide unit of steering borrowers into subprime and other high-risk mortgages during the housing boom.
Business | William Heisel | May 14, 2009
Former Countrywide Financial Corp. boss Angelo R. Mozilo, whose embrace of exotic loans helped fuel the mortgage boom and meltdown, will face Securities and Exchange Commission fraud charges unless his lawyers prevail in an eleventh-hour appeal, people familiar with the SEC's investigation said Wednesday.
Business | E. Scott Reckard | April 27, 2009
A few years ago, Countrywide Financial Corp. was not only the nation's biggest home lender but also highly regarded -- an "apple pie" company, as a former marketer for the Calabasas lender recalls.
Business | Jim Puzzanghera | March 20, 2009
A legal battle between units of Countrywide Financial Corp. and American International Group Inc. could provide a rare window into the collapse of the financial and real estate markets.
Business | Zachary A. Goldfarb | March 19, 2009
Executives at Countrywide Financial Corp., one of the biggest names of the housing boom, routinely violated internal company policies to provide below-market rates on home loans to the politically connected and powerful, according to a congressional report to be released today.
National | Zachary A. Goldfarb | March 5, 2009
Franklin Raines, the former chief executive of Fannie Mae, used a special program at mortgage lender Countrywide Financial to receive a below-market rate on a home loan, contrary to sworn testimony he made to Congress in December, according to the top Republican on the House Committee on Oversight and Government.