Properties (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Financial_Services_Company
|
| gptkbp:acquisition |
gptkb:Bank_of_America
July 1, 2008 |
| gptkbp:businessModel |
Originate and sell mortgage loans
Securitization of mortgage loans Servicing loans |
| gptkbp:discontinued |
2008
|
| gptkbp:dissolved |
2008
|
| gptkbp:financials |
2007-2008
|
| gptkbp:founded |
1969
|
| gptkbp:founder |
gptkb:Angelo_Mozilo
|
| gptkbp:funding |
$190 billion (2007)
$200 billion (2007) |
| gptkbp:headCoach |
approximately 60,000 employees at peak
|
| gptkbp:headquarters |
gptkb:Calabasas,_California
|
| https://www.w3.org/2000/01/rdf-schema#label |
Countrywide Financial
|
| gptkbp:impact |
Contributed to the 2008 financial crisis
|
| gptkbp:industry |
Mortgage banking
|
| gptkbp:keyPeople |
gptkb:David_Sambol
gptkb:Stanley_O'Neal gptkb:Angelo_Mozilo |
| gptkbp:legacy |
Impact on mortgage lending regulations
Changes in consumer protection laws Increased scrutiny of mortgage practices Formation_of_the_Consumer_Financial_Protection_Bureau_(CFPB) |
| gptkbp:legalStatus |
Subprime mortgage crisis
Lawsuits and settlements |
| gptkbp:marketShare |
Largest_mortgage_lender_in_the_U.S._(2006)
|
| gptkbp:netIncome |
$1.2 billion (2006)
|
| gptkbp:notableEvent |
Settlement of lawsuits in 2011
Acquisition_of_Full_Spectrum_Lending_in_2006 IPO_in_1992 Merger_with_Bank_of_America_in_2008 Acquisition_of_the_subprime_lender,_America’s_Wholesale_Lender. |
| gptkbp:parentCompany |
gptkb:Bank_of_America_Corporation
|
| gptkbp:products |
Home loans
Home equity lines of credit Mortgage refinancing |
| gptkbp:reform |
Post-acquisition_by_Bank_of_America
|
| gptkbp:reputation |
Controversial practices
|
| gptkbp:revenue |
$1.5 billion (2006)
|
| gptkbp:services |
Real estate services
Loan servicing |
| gptkbp:stockSymbol |
CFC
|
| gptkbp:subsidiary |
gptkb:Countrywide_Bank
gptkb:Countrywide_Home_Loans gptkb:Countrywide_Securities_Corporation |
| gptkbp:website |
www.countrywide.com
|