Company Information

Get to know Countrywide Home Loans, Inc

Founded in 1969, Countrywide Financial Corporation, through its subsidiary Countrywide Home Loans, grew to become the largest mortgage originator in the United States. The company was known for its aggressive lending practices, particularly in the subprime mortgage market. These practices were a major contributing factor to the 2008 financial crisis. Facing imminent collapse, the company was acquired by Bank of America in July 2008. The Countrywide brand was phased out, and its operations were absorbed, but Bank of America subsequently faced years of legal and financial repercussions stemming from Countrywide's loan portfolio.

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Countrywide Home Loans, Inc

United States

Founded in

1874 (152 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.