Directors and officers of Countrywide Financial will have to defend themselves against "shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company?s collapse" per the New York Times tonight.
Rejecting the arguments of Countrywide executives and directors that they were unaware of lax loan operations that led to [...]
Read...Related Headlines
- Bank of America Bets on Countrywideposted 248 weeks ago on Blown Mortgage
- Countrywide?s Mozilo sees recession as likelyposted 247 weeks ago on Blown Mortgage
- Bank of America says ?No more garbage loans!?posted 247 weeks ago on Blown Mortgage
- Countrywide?s Official Response to the NY Timesposted 246 weeks ago on Blown Mortgage
- Countrywide shareholders to vote on BofA dealposted 208 weeks ago on Blown Mortgage
- Bank of America Neuters Countrywide?posted 213 weeks ago on Blown Mortgage
- BofA to modify 265,000 Countrywide loansposted 212 weeks ago on Blown Mortgage
- Rumor Mill: Countrywide Specialty Lending Done??posted 236 weeks ago on Blown Mortgage
- Countrywide Layoffs Gear Upposted 244 weeks ago on Blown Mortgage
- US Bank Eliminates 100% Financingposted 221 weeks ago on Blown Mortgage