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Bank of America Buys Countrywide for $4B

Stock package saves nation's largest mortgage lender

By Jim O'Neill, Newser User

Posted Jan 11, 2008 6:52 AM CST

(Newser) – Bank of America, five months after throwing a $2 billion lifeline to rapidly sinking Countrywide Financial, will pay nearly $4 billion in stock to save the damaged mortgage lender. The deal makes BofA the nation's largest mortgage lender and loan servicer and should help build... Read full story »

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Bank of America Buys Countrywide for $4B

Stock package saves nation's largest mortgage lender

Bank of America • acquisition • Countrywide Financial • subprime crisis • financial crisis

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AIG Sues Bank of America in Attempt to Recover Billions

Says it was misled about quality of mortgage-backed securities

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With another $8.5B to come

Ousted Thain Subpoenaed on Early Merrill Bonuses

NY attorney general also calls BoA exec in probe of banks and TARP funds

Citi to Aid Homeowners by Modifying $20B in Mortgages

The bank will amend mortgages to assist 130,000 borrowers

Bank of America Posts 77% Dive on $6B in Writedowns

Writedowns pack bigger punch than analysts expected

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