Attorney General Countrywide Press Conference
December 21, 2011
Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, Assistant Attorney General for the Civil Rights Division Thomas E. Perez, Illinois Attorney General Lisa Madigan, U.S. Attorney for the Central District of California André Birotte Jr., and Federal Reserve Governor Sarah Bloom Raskin participated in a press conference addressing a settlement with Countrywide Financial Corporation resolving the government's allegations that Countrywide and its subsidiaries – which are now owned by Bank of America – engaged in discriminatory mortgage lending practices against more than 200,000 qualified African-American and Hispanic borrowers from 2004 through 2008.
Speech:
Attorney General Eric Holder Speaks at the Countrywide Financial Corporation Settlement Announcement
Assistant Attorney General Thomas E. Perez Speaks at the Countrywide Financial Corporation Settlement Announcement
Prepared Remarks of Secretary Shaun Donovan During the Countrywide Settlement Press Conference
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Attorney General Holder participated in a press conference on a fair lending settlement with Countrywide Financial Corporation.Photo credit: Lonnie Tague for the Department of Justice -
Attorney General Holder speaks, joined by Department of Housing and Urban Development Secretary Shaun Donovan, U.S. Attorney for the Central District of California André Birotte Jr. and Federal Reserve Governor Sarah Bloom Raskin.Photo credit: Lonnie Tague for the Department of Justice"The department's action against Countrywide makes clear that we will not hesitate to hold financial institutions accountable, including one of the nation's largest, for lending discrimination," said Attorney General Eric Holder. -
Department of Housing and Urban Development Secretary Shaun Donovan speaks.Photo credit: Lonnie Tague for the Department of Justice"These families paid a very steep price for the irresponsibility and recklessness of those who sought to prey on them. Any way you look at it, that's something this Administration refuses to accept," said Secretary Donovan. -
Assistant Attorney General for the Civil Rights Division Thomas E. Perez speaks.Photo credit: Lonnie Tague for the Department of Justice"Countrywide's actions contributed to the housing crisis, hurt entire communities, and denied families access to the American dream," said Thomas E. Perez, Assistant Attorney General for the Civil Rights Division. -
Attorney General Holder speaks.Photo credit: Lonnie Tague for the Department of Justice
