Mortgage Industry Watch

I guess winds of change are in the air. Bank of America has been pursuing a very aggressive growth strategy – mainly buying up competitors. The latest news is they’re eyeing Countrywide (whose owner is looking for a worthy suitor):

Bank of America Eyes Countrywide – Originator Times: “STAURT, FL – According to recent reports in Bloomberg citing unnamed sources, Bank of America and Countrywide Home Loans, the nations largest mortgage lender, have begun initial talks centered around Bank of America acquiring Countrywide.”

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