Countrywide Sued by New Mexico Pension and Investment Funds
The Chicago Times reports that Countrywide has been sued on behalf of New Mexico’s state Investment Council, the Educational Retirement Board and the Public Employees Retirement Association for both...
View ArticleIndiana Piles On
Indiana Attorney General Steve Carter has brought a lawsuit against Countrywide Financial Corp., making it the latest of a half dozen states going after the nation’s former number one mortgage lender...
View ArticleDesperate to Stem Tide of the Credit Crisis, Fed and Treasury Propose What...
In another desperate move to inject liquidity into the marketplace, the heads of the Fed and the Treasury began discussions with Congress late yesterday on legislation that would allow the Government...
View ArticlePfaelzer Dismissal of Bank of America from Countrywide Suit Throws Investors...
Is Bank of America on the hook for Countrywide’s liabilities for defective loans? Depends on which judge you ask. With the recent decision by Judge Mariana Pfaelzer to dismiss BofA as a defendant in...
View ArticleThe Government Giveth and It Taketh Away: The Significance of the Game...
It is no stretch to say that Friday, September 2 was the most significant day for mortgage crisis litigation since the onset of the crisis in 2007. That Friday, the Federal Housing Finance Agency...
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