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BAC Home Loans Servicing, L.P. was acquired by Bank of America Corporation. BAC Home Loans Servicing, L.P., doing business as Bank of America Home Loans, provides mortgage loans. It purchases ...
Federal Trade Commission, Plaintiff, v. Countrywide Home Loans, Inc. and BAC Home Loans Servicing, LP, Defendants.
Bank of America Home Loans is the mortgage unit of Bank of America.In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender.
Countrywide Home Loans, Inc. provides mortgage banking business. The Company focuses on originate, purchase, and services mortgage loans. Countrywide Home Loans serves customers throughout United ...
Countrywide Financial is formed of several divisions: Countrywide Mortgage Banking, Countrywide Banking, Countrywide Insurance, Countrywide Capital Markets, and Countrywide Global Operations. Countrywide Mortgage Banking specializes in originating, purchasing and servicing of mortgages through a variety of channels on a national scale.
Countrywide Home Loans, Inc. (“Countrywide”), fileda mortgage foreclosure actionagainst Wayne Burnette (“Burnette”) in October 2007 after deeming him in default on an $825,000 promissory note and accelerating the loan, but then voluntarily dismissed the action without prejudice in July 2011. When
IN THE UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT _____ FEDERAL TRADE COMMISSION, Plaintiff-Appellee DAVID KISSI, Movant-Appellant v. COUNTRYWIDE HOME LOANS INC., et al., Defendants _____ On Appeal from the United States District Court for the Central District of California