Real estate blog entries tagged with bank of america by Keith Hoffman - 1st Advantage Mortgage Residential Mortgage Specialist (1st Advantage Mortgage)

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Home : Blogs : Keith Hoffman - 1st Advantage Mortgage Residential Mortgage Specialist : Illinois Mortgage Lender - Keith Hoffman : Tag "bank of america"

bank of america: Bank Of America Buys Countrywide - 01/11/08 07:22 AM

It is 7am on Friday, January 11th and the world of mortgages just got turned over.
Bank of America today agreed to buy Countrywide Financial, the largest U.S. mortgage lender, in a $4 billion transaction that could help avert one of the biggest collapses in the U.S. housing crisis.
Rumors have been flying for months ragarding the problems that Countrywide Financial has incurred with all the mortgage woes. Is this the pill Countrywide Needed?
Details according to CNBC, "Countrywide shareholders would receive 0.1822 of a Bank of America share in exchange for each of their shares. The transaction values Countrywide at $7.16 per share, … (30 comments)

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Keith Hoffman - 1st Advantage Mortgage Residential Mortgage Specialist

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