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On August 23, 2007 Bank of America made a $2 billion investment in Countrywide Financial Corp.'s preferred stock.
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Bank of America Invests in Countrywide Questions
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What function does an investment bank play in the financial services sector? 1 Answerwow, way too many functions to list here check out linkedin.com, you will find various answers read more -
Why are Citigroup and Bank of America buying MBS on the secondary market? 1 AnswerThey are doing it to make money. See: http://www.zacks.com/stock/news/18599/C,+BAC+Pushing+Prices+Up%3F How does it work. These securities are marked down beca... read more
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Will Bank of America oust Ken Lewis and remove the entire Board of Directors? 1 AnswerI'm guessing that he survives and that the majority of stockholders will blame the government. read more
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Does anyone know who is servicing Bank of America's recently acquired Countrywide mortgages? 2 AnswersI can't say with authority who is servicing every mortgage after the merger (since mortgages are bought and sold all the time), but the bulk of CW mortgages con... read more
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