Dow Jones Media has reported that Bank of America (BAC) is in advanced talks with Countrywide Financial Corp. (CFC) to acquire the struggling mortgage lender.
Fast Facts:
- CFC: stock rose almost 60% as a result of the reports
- BAC shares: Trading at $39.30
- Announced on January 11, 2008 that Bank of America will purchase Countrywide for $4 Billion
Bank Of America Countrywide Blogs and Commentaries
Google Blog Search: Bank Of America Countrywide
BloggingStocks: Options update 1-10-08: CFC options in fast market amid talks with Bank of America (January 10, 2008)
Fortune: Countrywide stock soars on BofA sale talk (January 10, 2008)
MarketWatch: Bank of America reported in talks to buy Countrywide (January 10, 2008)
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Does anyone know who is servicing Bank of America's recently acquired Countrywide mortgages?(2 Answers)
A:
It appears that loan servicing is being done through Bank of America Home Loans, an arm of Bank of America. "Whether your home loan is through Bank of ...
Were you surprise that Bank of America needs to raise $34 billion?(1 Answer)
A:
I'm surprised to hear that. I thought they were doing well since it seems they are buying out all these other banks. All the Lasalle banks around ...
does anyone know who is servicing Bank of America's recently acquired Countrywide mortgages? 'cause it's NOT Bank of America...(1 Answer)
A:
The merge of Country Wide accounts (CW) to Bank of America accounts (BofA) is not complete as of yet. CW account holders should continue to remit their mortgage ...
