In news that should surprise no one, KB Homes revealed it is being investigated by the SEC for possible accounting and disclosure violations. KB Homes has been embroiled in scandal ever since it was revealed its former CEO, Bruce Karatz and other execs were involved in a stock option backdating imbroglio. Karatz is currently facing civil fraud charges , has paid almost $7.2 million to settle SEC charges, and pleaded not guilty this year in federal court to charges related to the backdating case. [LABJ]
The former Countrywide chief is awaiting verdicts in the courtroom and history. When David Gautreaux volunteered to assist at a charity golf tournament in Thousand Oaks two years ago, he was eager to meet the event’s host, Angelo R. Mozilo, then chief executive of mortgage giant Countrywide Financial Corp.
Los Angeles -based IndyMac used to be the largest loan originator in the country. Founded in 1995 as Countrywide Mortgage Investment, IndyMac fueled its aggressive growth through risky loan products like Alt-A mortgages, …. Beverly Hills Homes for Sale Beverly Hills Real Estate – 25 Significant Bank Bankruptcy in History | Forex Market Tips and … says: August 4, 2009 at 2:38 pm. rest is here: 25 Significant Bank Bankruptcy in History | Forex Market Tips and … …
The home was owned by Countrywide (now owned by Bank of America), and they require that buyers get pre-approved with them to put in offer on homes they list for sale . So we started the pre-approval process and put in an offer two days later , but learned that the bank had already accepted an … But honestly, a good real estate agent would have flagged that property so that the minute it was re-listed, the agent should have called them to see if they were still interested. …