July 30, 2014 5:37 PM ET

Thrifts and Mortgage Finance

Company Overview of Countrywide Home Loans, Inc.

Company Overview

Countrywide Home Loans, Inc., doing business as Bank of America Home Loans, provides residential loans in the United States. It originates, purchases, securitizes, sells, and services home loans. The company originates mortgage loans primarily through relationships with real estate agents, builders, organizations, mortgage loan brokers, and other financial intermediaries, as well as from the consumer through the Internet and call centers. It also originates mortgage loans by working with relocation companies and corporate relocation departments to provide loans to relocating employees of various companies. In addition, it purchases mortgage loans from other lenders, which include mortgage ba...

4500 Park Granada Boulevard

Calabasas, CA 91302

United States

Founded in 1969

Phone:

818-225-3000

Fax:

818-225-4051

Key Executives for Countrywide Home Loans, Inc.

Vice President of Business Development
Regional Builder Manager
Branch Manager of the Edwardsville Area
Home Loan Consultant
Sales Manager
Compensation as of Fiscal Year 2014.

Countrywide Home Loans, Inc. Key Developments

Countrywide Home Loans, Inc. Presents at A Forum for Private Equity, REITs, Institutional Investors and Bank Rent-to-Own Programs, Nov-30-2012 11:45 AM

Countrywide Home Loans, Inc. Presents at A Forum for Private Equity, REITs, Institutional Investors and Bank Rent-to-Own Programs, Nov-30-2012 11:45 AM. Venue: JW Marriott Camelback Inn, 5402 East Lincoln Drive, Scottsdale, Arizona, United States. Speakers: Nathan Schutt, Senior Vice President.

Washington Federal Sues Countrywide, Bank of America Corporation over $400 Million in Pooled Loans

Washington Federal has sued Countrywide Home Loans, Inc. and Bank of America Corporation, saying in court papers that the giant mortgage lender sold the Seattle bank bundles of loans riddled with problems, including a lack of documents verifying borrowers' income. The lawsuit, filed in the week in federal court in Seattle, says Countrywide breached its contract with Washington Federal over pools of loans that at one time were worth about $400 million. In the lawsuit, Washington Federal said Countrywide promised that its borrowers were credit-worthy and would be able to repay their loans. Bank of America, which bought Countrywide in 2008, also is named as a defendant. Countrywide and Bank of America have not yet filed responses in court, and Bank of America has not responded to email requests for comment. In the lawsuit, Washington Federal is seeking to force Countrywide and Bank of America to repurchase the loans. In court papers, Washington Federal says that between December 2004 and September 2006, Washington Federal bought 30-year fixed rate jumbo loans from Countrywide that were bundled in mortgage pools. Over that three-year period, Washington Federal purchased 1,046 loans with an initial aggregate balance of about $400 million from Countrywide.

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