Buying Countrywide Will Catapult Bank of America to No. 1 Online Mortgage Lender [View article]
What this article fails to discuss is the national class action lawsuit being led by the city and state of New York against Countrywide for fraudulant claims relating to subprime mortagages.
BAC will not only acquire countrywide but will also be subject to all of the consequences of it's subprime mortgage follies.
Buying Countrywide Will Catapult Bank of America to No. 1 Online Mortgage Lender [View article]
BAC will not only acquire countrywide but will also be subject to all of the consequences of it's subprime mortgage follies.