Countrywide Falls to 13-Yr Low on FBI Probe Reports

NEW YORK (Reuters) – Countrywide Financial Corp (CFC.N: Quote, Profile, Research) shares dropped 14 percent to a 13-year low on Monday following reports the largest U.S. mortgage lender was being investigated by the FBI for possible securities fraud. The decline in the stock came even as Bank of America Corp (BAC.N: Quote, Profile, Research), the […]

Countrywide reportedly under FBI investigation

The troubled home loan servicer is being probed by Feds for using fraudulent lending practices, financial reporting. NEW YORK (CNNMoney.com) — The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp. according to a U.S. government official, CNN has learned. The mortgage company is suspected of fraud, the […]