Topic: Countrywide Financial Corporation
Bank of America said Wednesday it posted a loss of 194 million dollars in the fourth quarter of 2009, and that repayments of government aid boosted the loss for shareholders to 5.2 billion dollars.For all of 2009, the largest US bank by ...
WASHINGTON (Reuters) - Bank of America has a Wednesday deadline to disclose any special mortgage terms the bank's Countrywide Financial unit gave to politically influential customers over an eight-year period, a senior Republican said on Tuesday.In a letter to Bank of America ...
Treasury completes $29.8 billion boost to AIG rescue; adds companies to mortgage relief planThe government has completed the transaction providing nearly $30 billion more in support to American International Group Inc., minus $165 million in bonus payments.The Treasury Department also announced Tuesday ...
Think of the country's financial crisis in household terms. Sheila Bair, head of the Federal Deposit Insurance Corp., was one of the first to insist that home foreclosures be halted to forestall the housing market's collapse. And two of the nation's largest ...
Dow plummets 370 to finish below 10000. The market's retreat, which began last week as Congress prepared its bailout package, took the Dow back to March 1999, when the blue-chip index first eclipsed the 10000 mark. at one point, the Dow stood ...
Shares of Countrywide Financial fell 10.7% to close at $8.62 Monday after Sen. Charles Schumer (D-NY) urged federal regulators to investigate the huge advances made by the Federal Home Loan Bank of Atlanta to the mortgage lender. "Countrywide is treating the Federal ...