Success of Countrywide Acquisition Still an Unknown

written by
11 · 04 · 10

Most of the delinquent mortgages at Bank of America Home Loans were originated by Countrywide Financial Corp. — requiring the company to boost its default servicing force by 10,000 during the past two years. The unit has lost billions of dollars, and liability for litigation and repurchases remain. While it is still unclear whether the Countrywide acquisition was a success, the bank has not yet needed to write down its goodwill in the investment.

This wire news service story is no longer available.

However a copy might still be available at

Mortgage Expert

Mortgage Daily Staff



No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.