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Displaying results 1 - 5 of 5 items found.

1. Countrywide to Pay $600 Million to Settle Lawsuits

(Web Page; Wed Aug 04 13:40:00 CDT 2010)

Countrywide Financial has agreed to settle shareholder litigation for $600 million and has received preliminary approval from a U.S. District judge in Los Angeles, with a final approval expected in November. The lawsuits accuse Countrywi...

2. Countrywide Sent Back to State Court

(Web Page; Fri Aug 20 10:08:00 CDT 2010)

Statement of Eric Halperin, CRL Senior Litigation Counsel and Deputy Director "This morning's New York Times reported that a federal court in Manhattan has declined to take action on a lawsuit pending between Countrywide Financial Corpor...

3. Principal Cuts on More Lender Menus as U.S. Foreclosures Rise

(Web Page; Mon Aug 30 10:31:00 CDT 2010)

Despite efforts by U.S. banks to remedy many homeowners' financial crises with temporary solutions such as interest-rate cuts, the predicted rise in foreclosures and re-setting payments on poorly designed loans is likely to drive banks t...

4. Unfair and Unsafe

(Web Page; Thu Aug 19 09:00:00 CDT 2010)

This report is part of CRL's continuing Countrywide Watch project, which is dedicated to tracking Countrywide's conduct and efforts to reform the company. Analysis of customer complaints, lawsuits, regulatory actions, news accounts, gov...

5. New CRL report: Indymac. What Went Wrong?

(Web Page; Fri Aug 20 11:09:00 CDT 2010)

Read the report (PDF)>> As IndyMac Bancorp battles questions about its financial stability, a new report from the Center for Responsible Lending provides evidence that IndyMac put itself in a hole by engaging in unsound and abusive...