Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion.
The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates. In June 2008 Conde Nast Portfolio reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at Countrywide Financial ... preferential loans by troubled mortgage lender Countrywide Financial Corp.
As of July 1, 2008, Countrywide Financial Corp. was acquired by Bank of America Corporation. Countrywide Financial Corp. provides home loans. The company ...
As of December 31, 2007, over 90% of our monthly mortgage loan production occurred in Countrywide Bank.
Sep 2, 2014 ... Countrywide Financial Corp. was a major U.S. mortgage lending company. ... Countrywide Financial Corp. became a $500 billion home loan ...
Jun 22, 2009 ... But by 2003 Wall Street had become addicted to home loans, which .... Countrywide was a mortgage bank, and, unlike commercial banks and ...
Jul 27, 2017 ... On July 1, 2008, Bank of America Corporation completed its purchase of Countrywide. It now operates as Bank of America Home Loans.
Oct 23, 2013 ... NEW YORK — Bank of America has been found liable for fraud in the sale of faulty loans by its Countrywide mortgage unit, a major victory for ...
Countrywide Financial Corporation (CFC) is a diversified financial service ... a federally chartered bank that primarily invests in mortgage loans and home equity ...