Apr 27th, 2009 - Reuters
NEW YORK, April 27 (Reuters) - Bank of America Corp (BAC.N) onMonday discarded the Countrywide brand in its mortgage operations,a name now sullied by risky home loans, an FBI investigation, andthe high pay of its former chief executive.
Countrywide was founded in 1969, and co-founder Angelo Mozilobuilt it into the largest U.S. mortgage lender. Bank of Americabought the company last July for about $2.5 billion after risingdefaults and an inability to tap capital markets drove Countrywidenear collapse.
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BofA retires Countrywide brand
Apr 27th, 2009 - bizjournals
Bank of America Corp. launched a new mortgage and home equity loan brand Monday as a result of combining the previously acquired Countrywide Home Loans with the bank’s mortgage operations.
Related videos from YouTube:
8:34Countrywide CEO discusses Credit Crunch and Bank of America Investment
Countrywide CEO Angelo Mozilo discusses the ongoing crisis in the mortgage market and the $2 Billion dollar investment by Bank of America in Countrywide.
2:04Bank of America to buy Countrywide
Jan. 11 - Bank of America's plan to buy battered home lender Countrywide Financial could prevent the credit crisis from getting worse. The elimination of the possibility that Countrywide, America's largest independent home loan company ...
7:17Bank of America recorded call regarding foreclosure Part 1 of 2
This call happened 4/24/09 whereas a Countrywide representative called me, Jason Werner, literally while I was driving home from a pre-mediation conference. The loan amount is less than $50000. This is a good example of a crime trying to be covered by the Treasury ...
7:13Bank of America recorded call regarding foreclosure Part 2 of 2
This call happened 4/24/09 whereas a Countrywide representative called me, Jason Werner, literally while I was driving home from a pre-mediation conference. The loan amount is less than $50000. This is a good example of a crime trying to be covered by the Treasury ...
