TEL AVIV (MarketWatch) — Bank of America and a number of U.S. states reached an
$8.4 billion accord under which the banking giant will modify troubled mortgages
and enable nearly 400,000 Countrywide Financial Corp. clients to keep their
homes.
Bank of America acquired Countrywide on July 1. The program is designed to
resolve claims that several state attorneys general had [...]
BofA Mulling Options For Disposition Of Some Countrywide Debt
Last Update: 5/1/2008 9:59:53 AM
DOW JONES NEWSWIRES
Bank of America Corp. (BAC) said Thursday that in connection with its proposed
merger with Countrywide Financial Corp. (CFC), it is evaluating alternatives for
the disposition of the remaining debt of the troubled mortgage lender.
Countrywide had outstanding debt of about $97.23 billion at [...]
BofA To Expand Efforts To Help Countrywide Borrowers >BAC CFC
Last Update: 4/28/2008 1:23:56 PM
LOS ANGELES (AP)–Bank of America Corp. (BAC) says it will expand efforts to help
Countrywide Financial Corp. (CFC) borrowers avoid foreclosure on trouble
mortgages.
The announcement came Monday as members of the Federal Reserve Board began two
days of public hearings on Bank of America’s proposed [...]
Countrywide, New Vista Asset Management In Pact >CFC
Last Update: 4/25/2008 8:19:51 AM
DOW JONES NEWSWIRES
Countrywide Financial Corp. (CFC) and New Vista Asset Management are in a pact to
find qualified buyers for Countrywide’s real estate owned, or REO, properties.
Financial terms weren’t disclosed.
The Calabasas, Calif., mortgage provider said the program is designed to help
minimize the impact of foreclosures, [...]
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