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Bank of America is closing in on a settlement that would total $16 or $17 billion and would resolve the investigation into its role of selling mortgage-backed securities prior to the 2008 financial crisis, according to The Associated Press. The…>read moreNo Comment August 8, 2014
The former Countrywide Financial Corp. sent four house lawmakers VIP discounted loans, even though the lender’s subprime mortgages were largely responsible for the nation’s foreclosure crisis. The chairman of the House Oversight and Government Reform Committee, Representative Darrell Issa (Republican…>read moreNo Comment December 20, 2011
Good morning everyone! Today is Wednesday, March 3, and here’s a quick look back at yesterday’s news… Revenue is down at Winston & Strawn… DLA Piper forms an alliance with a Brazilian law firm… Former Arnold & Porter chairman Michael…>read moreNo Comment March 3, 2010
Angelo Mozilo, the former CEO of Countrywide Financial Corp., has hired prominent Washington, D.C. based lawyer Brendan Sullivan to help defend him against an SEC lawsuit accusing him of securities fraud and insider trading. Sullivan is a senior partner at…>read moreNo Comment March 2, 2010