Bank of America rolled the dice a few months ago when they committed two billion dollars to underwriting Countrywide’s short term cash flow problems. With that gamble, BofA was banking on a relatively modest recovery in the housing and mortgage market. Obviously, that has not happened. Had Countrywide’s stock improved, Bank of America had an […]
Entries Tagged as 'banks'
Countrywide Bought Out By Bank of America
January 14th, 2008 · No Comments
Tags: bank of america · countrywide · banks · lenders · stocks · mortgage companies · stock market