One of our most distinguished contributors to the Hernando Today letters to the editor posed a most significant question today, asking, "Why do Elected Officials refuse to listen to us?" ...more

October 24, 2009

As it stands, the rest of us will be paying much money over a long time for the greed and bad judgment of those who melted down the economy. ...more

September 20, 2008

A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc., a person familiar with the situation told The Associated Press on Thursday. ...more

July 25, 2008

Bank of America said Thursday that it will cut about 7,500 jobs after it closes its acquisition of mortgage lender Countrywide Financial Corp. ...more

June 27, 2008

Showing Countrywide Financial Corp. President David Sambol the door, Bank of America Corp. said Wednesday that it would appoint one of its own top executives to oversee mortgage operations after completing its acquisition of Countrywide. ...more

May 29, 2008

The chairman of beleaguered Countrywide Financial Corp. raised eyebrows and tempers with his snippy reply to an e-mail plea from a man who said he was in danger of losing his home. ...more

May 22, 2008

A fourth-quarter $422 million loss reported by Countrywide Financial Corp. on Tuesday did not appear to scare off Bank of America. ...more

January 30, 2008

The CEO of the country's biggest mortgage lender says greater government intervention is needed to rescue the U.S. housing market as his peers warn the worst is yet to come. ...more

December 4, 2007

Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year. ...more

October 27, 2007

Treasury Secretary Henry Paulson said Wednesday that the turbulence in financial markets will take some time to be resolved, especially in the area of subprime mortgages. ...more

September 13, 2007