Bank of America Corp. will rebrand its Countrywide Financial Corp. mortgage unit, a company spokesman confirmed Thursday. Countrywide will be renamed Bank of America Home loans in late April. In addition, according to The Wall Street Journal , Charlotte, N.C.-based BofA (NYSE: BAC) plans to hire 1,000 people in its mortgage unit and move 500 employees to mortgage processing from home-equity processing. In other developments, BofA’s stock fell 14 percent in Thursday trading. The company’s stock, which has traded between $3.77 and $43.50 per share over the last year, closed at $3.93 per share Thursday. BofA’s stock closed at $4.57 per share Wednesday.
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