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BOA & CW... what's next...

I have delayed in posting the obvious news. That is everywhere. I wanted to explore what might be next with this move. What can we expect? I have presented some questions to ponder on my charlotte mortgage blog. Check it out and see what you think. 

So by now you have heard the news. Bank of America is buying out Countrywide for pennies on the dollar. You got to give it to BOA... they got a deal. Of course, it does come with baggage as well, but I think it will still be good for BOA. My question is though, will it be good for consumers....

http://www.ednailor.com/2008/01/11/bank-of-america-and-countrywide-whats-next/

Ed

____________________________________________

Ed Nailor Mortgage Team
Charlotte Mortgage Loans

704-651-8704 Phone
or visit http://www.ednailor.com/

 

Comments (1)

Cheryl Hale
SMP Mortgage, Inc - Plymouth, MI
Mortgage Loan Originator NMLS#276668

Ed, I too have been wondering what BOA is going to do with Countrywide's wholesale operations...will it stay or will it go??? I've heard arguments on both sides.. Too many lenders getting out of wholesale these days...scary.  I guess time will tell...

 

Jan 11, 2008 11:11 AM