BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages September 25, 2013 By Nate Raymond Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae...
Bank of America Employees Could Face Charges in Mortgage Fraud Case October 26, 2012 By Grant McCool Bank of America Corp. employees could face civil fraud charges as part of a federal lawsuit accusing the bank of...
Ruling Boosts Bond Insurer MBIA’s Fraud Suit Against BofA’s Countrywide January 4, 2012 By Jonathan Stempel A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit...
MBIA May Bring Fraud Claim Against Bank of America’s Countrywide July 1, 2011 By Ben Berkowitz and Jonathan Stempel MBIA Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently misleading it about mortgage...
Countrywide’s Mozilo Asks to Dismiss Allstate Lawsuit June 1, 2011 By Jonathan Stempel Angelo Mozilo, the former Countrywide Financial Corp. chief executive, urged a federal judge to throw out Allstate Corp.’s lawsuit seeking...
Investors Accuse Bank of America’s Countrywide of Massive Fraud January 25, 2011 Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud”...