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How Countrywide-BofA mortgage settlement helps California homeowners

Oct. 6, 2008
More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered, after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle lawsuits it inherited with its takeover of Countrywide...
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Professor: Mortgage help unfair but needed

SAN DIEGO, Dec. 5 (UPI) -- Some homeowners who make their mortgage payments on time say they are irritated that the U.S. government is helping others who don't.

Foreclosures under review in Britain

LONDON, Nov. 28 (UPI) -- The Financial Services Authority, Britain's financial watchdog, has given lenders until Jan. 31, to review their policies on mortgage foreclosures.

Fannie and Freddie suspend foreclosures

WASHINGTON, Nov. 20 (UPI) -- Fannie Mae and Freddie Mac Thursday announced details of a plan to halt foreclosures and evictions from Thanksgiving until a week after New Year's.
Mortgage plan falls short, Bair says

Mortgage plan falls short, Bair says

WASHINGTON, Nov. 12 (UPI) -- Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.

Treasury streamlines mortgage modification

WASHINGTON, Nov. 11 (UPI) -- The Bush administration Tuesday announced a plan for modifying mortgages to give U.S. homeowners a chance to avoid foreclosure.

Treasury plans partial mortgage guarantees

WASHINGTON, Oct. 29 (UPI) -- U.S. Treasury and Federal Deposit Insurance Corp. officials are working on a plan to help struggling homeowners avoid foreclosure proceedings, sources said.

Countrywide moves to ease mortgage terms

CALABASAS, Calif., Oct. 25 (UPI) -- A move by Countrywide Financial to modify mortgages for homeowners facing foreclosure should be a model for national legislation, consumer advocates say.

Mortgage lenders more flexible, some say

WASHINGTON, Oct. 22 (UPI) -- U.S. mortgage lenders are showing more willingness to rewrite loans for troubled homeowners, a trade organization said.

Countrywide to rework thousands of loans

SACRAMENTO, Oct. 6 (UPI) -- Countrywide Financial Corp. agreed to a sweeping settlement for predatory lending practices that could restructure thousands of U.S. loans, officials said.

Countrywide OKs $8.68 billion settlement

LOS ANGELES, Oct. 5 (UPI) -- Countrywide Financial Corp. has agreed to modify home loans for 400,000 struggling homebuyers as part of a settlement, Legal Newsline reported Sunday.

AG says he's in talks with Bank of America

SACRAMENTO, Aug. 15 (UPI) -- The California attorney general disclosed Friday he is in negotiations with Bank of America, the parent of Countrywide Financial Corp., Legal Newsline reported.
Countrywide faces two federal probes

Countrywide faces two federal probes

CALABASAS, Calif., Aug. 8 (UPI) -- U.S. market regulators and the FBI are investigating California mortgage giant Countrywide Financial Corp., various officials said.
Bush signs housing bill

Bush signs housing bill

WASHINGTON, July 30 (UPI) -- U.S. President George Bush signed a housing bill Wednesday that provides relief for homeowners and sets up a rescue plan for federal mortgage guarantors.

Regulators are watching banks on the brink

WASHINGTON, July 14 (UPI) -- U.S. regulators and investors are keeping an eye on a list of U.S. banks that could be on the brink of collapse, financial analysts said.

Conrad moves to quell mortgage controversy

WASHINGTON, June 15 (UPI) -- U.S. Sen. Kent Conrad says he will donate $10,500 to charity because he discovered he received preferential treatment from a troubled mortgage firm.
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President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch