NEW YORK (Reuters) - Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials ...

“We call it the ‘Bank of America bill on steroids.'” A House staffer told me that, demanding anonymity, but speaking on behalf of aides to GOP members of the House Financial Services Committee. He was ...

Homeowners who had mortgages serviced by defunct subprime lender Countrywide Financial Corp. are eligible for refunds of some improper fees under a $108 million settlement announced Monday by the ...

Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. agreed Monday to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.

Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers ...

Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry ...

— -- The deal would inject desperately needed capital into Countrywide's business and give Bank of America a premier mortgage distribution and servicing business at a bargain-basement price.

Sign up for The Media Today, CJR’s daily newsletter. In The Big Short, hedge fund investor Steve Eisman recalled the time he heard Bank of America CEO Ken Lewis ...

People enter the Bank of America corporate headquarters in Charlotte, N.C., on Friday. Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock. CHARLOTTE, ...

NEW YORK (Reuters) - Countrywide Financial Corp said thousands of borrowers with $25.4 billion in option adjustable-rate mortgages (ARMs) owe almost as much as their homes are worth as home prices ...

He was talking about the bill whose Senate version has been brought to the floor this week by Sen. Chris Dodd, D-CN, and Sen. Richard Shelby, R-AL. Dodd-Shelby would let mortgage lenders off the hook ...

— -- The acquisition of Countrywide, now a symbol of the excess in the mortgage market that fueled the real estate bubble, catapults Bank of America from the No. 5 mortgage lender to No. 1. With ...