countrywide

For years and years, Countrywide Loans has been known as one of the most solid loaning institutions in the world. In 2007, Bank of America bought Countrywide Loans for the estimated price of $2 billion and brought the company under its umbrella corporation. Then, in 2008, Bank of America announced they would buy Countrywide Financial for $4 billion.

These two acquisitions gave Bank of America one of the largest market shares in the mortgage arena as well as access to mortgage servicing. Bank of America and Countrywide Loans now control one in four of the home loans made in the United States.

For various reasons Countrywide Loans kept its name after being bought outright by Bank of America. However, recently their name has been changed to Bank of America Home Loans. The company is now involved in four different types of business: mortgage banking and loans, banking, capital markets, and global operations.

Bloggers speaking about Countrywide Loans can be found at sites like trulia.

by outdoorsurvivalguy Are you a writer, passionate about this or any other topic? Join Blogcritics!

Latest blogosphere posts tagged “countrywide”

 

• Who will be to blame if investment crowdfunding blows up?

  
  — Authority:
  When the predatory and irresponsible practices of mortgage lenders like Countrywide caused a financial meltdown, who did the Countrywide CEO blame? In April 2007, Angelo Mozilo, Countrywide’s CEO, in a speech at the Millken Institute, blamed the Greenlining Institute, a nonprofit organization that had been ...
  2 weeks ago

• Meracord / NoteWorld Still Taking a Beating Over Debt Relief Activities. Drags Many In.

  
  — Authority:
  Courthouse News is reporting a new class action suit has been filed against Meracord (NoteWorld) and other for debt settlement activities. This 50 page complaint was filed by Steve Berman (steve@hbsslaw.com) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns ...
  3 weeks ago

• Average Uk Credit Card Debt

  
  — Authority:
  Report Shows That Most Americans Do Not Feel The Economic Improvement, CreditCardConsolidationLoan.org Offers A … After the Guardian UK releases the article, “Debt a common theme as Americans struggle to feel benefits of recovery,” Credit Card Consolidation Loan website believes that they have the solution ...
  3 weeks ago

• Countywide MBS Securities Suit Settles for $500 Million

  
  — Authority:
  In what is the largest settlement so far of an mortgage-backed securities class action lawsuit filed as part of the subprime and credit-crisis securities litigation wave, the parties to the consolidated Countrywide mortgage-backed securities suit pending in the Central District of California have agreed to settle the ...
  4 weeks ago

Comments about countrywide