Bank of America bought up subprime mortgage monolith, Countrywide Financial, back in 2008. Life hasn't been easy for the banking giant since then. And now the headache associated with the effort to recover from Countrywide's bad mortgage bundles appears to be getting...
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Month: February 2013
Texas bankruptcy’s bad rap undeserved: Here’s the bright side
On Behalf of Pelley Law Office LLP | Feb 13, 2013 | Bankruptcy
There are a lot of people who have negative things to say about bankruptcy. The history of the bankruptcy process in the United States is a varied one. As far back as the early 1800s, no less than Alexis de Tocqueville, that French-born student of the American...
Suits against S&P on mortgage ratings; some say ‘about time’
On Behalf of Pelley Law Office LLP | Feb 8, 2013 | Foreclosure
State attorneys general are starting to expand the queue of governments going after Standard & Poor's, the credit rating service. Texas has not reportedly joined their ranks, but it may only be a matter of time.The claim by the states and the federal government is...