January 10th, 2008
LONDON (MarketWatch) — Bank of America said on Friday it’s buying Countrywide Financial for $4 billion, confirming rumors that first emerged Thursday, in a move that will make it the top mortgage lender and loan servicer in the U.S. . . .
Terms of the deal call for shareholders of Countrywide to receive 0.1822 of a […]
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January 8th, 2008
Gretchen Morgenson catches Countrywide being nefarious again, and this one’s a doozy. Long quote, but you want to get the whole story:
The documents — three letters from Countrywide addressed to the homeowner — claimed that the borrower owed the company $4,700 because of discrepancies in escrow deductions. Countrywide’s local counsel described the letters to […]
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