Category Archives: Greenwich Financial Services

Details of Greenwich v. Countrywide Emerge

Posted on December 5, 2008 by Isaac Gradman

An article published on Monday in Business Week (available here) sheds some additional light on the lawsuit filed by Hedge Fund Greenwich Financial Services against Countrywide challenging its agreement to conduct large-scale loan modifications (previously discussed here, here, and here). … Continue reading →

Posted in BofA, contract rights, costs of the crisis, Countrywide, Greenwich Financial Services, lawsuits, litigation, loan modifications, Ocwen, securitization, stability, subprime, William Frey, workouts | 3 Comments

Greenwich v. Countrywide Complaint Now Available

Posted on December 3, 2008 by Isaac Gradman

Here is the Complaint brought by Grais & Ellsworth on behalf of hedge fund Greenwich Financial Services against Countrywide Financial Corp., Countrywide Home Loans, Inc. and Countrywide Home Loans Servicing LP (all now part of Bank of America) in the … Continue reading →

Posted in Attorneys General, BofA, Complaints, Countrywide, Greenwich Financial Services, lawsuits, lenders, litigation, loan modifications, repurchase, settlements, William Frey, workouts | Leave a comment

Hedge Fund Greenwich Financial Files Lawsuit Against Countrywide (BofA) Over Loan Modifications

Posted on December 2, 2008 by Isaac Gradman

As anticipated and previously discussed (see last week’s post), a hedge fund has indeed sued Countrywide Financial Corporation (now a part of Bank of America) over loan modifications Countrywide agreed to make under the terms of a settlement reached with … Continue reading →

Posted in Attorneys General, BofA, Complaints, Countrywide, Greenwich Financial Services, hedge funds, investors, lawsuits, loan modifications, repurchase, securitization, subprime, underwriting practices | Leave a comment