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01-11-2008, 09:57 AM #1
Condominium
- Join Date
- Dec 2007
- Posts
- 152
Bank of America Buys Countrywide
http://money.cnn.com/2008/01/11/news...ion=2008011112
NEW YORK (CNNMoney.com) -- Bank of America came to the rescue of embattled mortgage lender Countrywide Financial Corp. Friday, announcing it would buy the company for $4 billion in an all-stock deal.
Countrywide (CFC, Fortune 500) shares tumbled 16 percent in midday trading on the New York Stock Exchange a day after soaring 51 percent on speculation that the deal was forthcoming. Bank of America (BAC, Fortune 500) stock edged lower.Andy Scherer <*> Loan Officer Training <*> Connecticut Mortgage Specialist <*> Real Estate Networking
Blog Updated Today: 01/31 - Loan Officer Tips



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