January 11, 2008

Bank of America to buy Countrywide for $4 billion (Reuters)

A sign is displayed at the entrance to a Countrywide Financial branch, Friday, Jan. 11, 2008 in Framingham, Mass. Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank. (AP Photo/Lisa Poole)Reuters – Bank of America Corp said on
Friday it would buy battered mortgage lender Countrywide
Financial Corp for $4 billion, a move that could avert
one of the biggest collapses in the U.S. housing crisis.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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