Nashville Real Estate

Bank of America Finalizes Countrywide Purchase

July 3, 2008 by · Leave a Comment 

On July 1, Bank of America finalized its acquisition of Countrywide Financial Corporation. BOA is now the nation’s top originator and servicer of home loans, with a firm grasp on 20% to 25% of the U.S. mortgage market. The value of the all-stock deal has eroded to $2.5 billion from approximately $4 billion in January, [...]