Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

After getting whipsawed by housing over the past 6 years - buying Countrywide as housing was...

  • Wednesday, January 16, 10:45 AM ET
    After getting whipsawed by housing over the past 6 years - buying Countrywide as housing was imploding, then backing off the mortgage business just as it was sent to zoom higher - Bank of America (BAC) wants back in. Having jettisoned its correspondent mortgage operations and ceded ground to competitors, growing the business will be easier said than done.
Track new comments on this story

This news story has 1 comment:

  •  
    What's new? Are they telling us that they will be carrying their own paper? Or are they telling us that now with settling with Fannie Mae, they will be going back to mother Fannie sucking on the big tit known as the government guarantee as outlined in "The GSE Business Model" described by all as "fatally flawed"?

    As the kids put it .........................
    16 Jan, 03:35 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Articles on Financials
More Latest Articles »