Borrowers could be helped by deal (The Charlotte Observer)

Story date: 2008-01-12 12:09:47
Added on: 2008-01-12 00:30:20

Consumer advocates hope Bank of America Corp.'s takeover of mortgage heavyweight Countrywide Financial Corp. would mean help for borrowers struggling to avoid foreclosure and other loan problems. "We hope that Bank of America, with the purchase, will make Countrywide more responsive to the foreclosure crisis," said Carlene McNulty, an attorney with the North Carolina Justice Center. Her clients ...


Read more...

Related Stories:

• Fed looks at Bank of America $4.1 billion deal (Boston Herald)

  LOS ANGELES - Bank of America Corp. will expand efforts to help Countrywide Financial Corp. borrowers avoid foreclosure on trouble mortgages, a...
  2008-04-28 09:26:19

• Fed to hold public hearings on BofA-Countrywide deal - Baltimore Sun

  LOS ANGELES - Consumer advocates nervous about Bank of America Corp. 's proposed takeover of troubled mortgage lender Countrywide Financial Corp. are...
  2008-04-27 01:05:00

• Bank of America aims to help 265,000 avoid foreclosure - Boston Globe

  CHARLOTTE, N.C.— Bank of America Corp. said Monday after it completes its acquisition of Countrywide Financial Corp. it will modify or workout...
  2008-04-28 01:54:00

• Bank Of America Pledges Help - Tampa Bay Online

  Pushing to fast-track its takeover of wounded home-loan giant Countrywide Financial Corp., Bank of America Corp. will promise today to help 265,000...
  2008-04-27 08:57:00

• Bank Of America To Modify Countrywide Loans (NPR)

  In the boldest step yet by any bank to address the ongoing foreclosure crisis, Bank of America, which now owns mortgage giant...
  2008-10-07 07:15:28

• Countrywide earnings could heighten doubts about Bank of America takeover (The York Dispatch)

  LOS ANGELES -- Investor concerns that Bank of America Corp. might try to pull out or pay less for Countrywide Financial Corp....
  2008-01-26 04:56:44

• Bank of America wins approval to buy Countrywide (Sharewatch)

  CHARLOTTE, N.C. (AP) - The Federal Reserve on Thursday approved Bank of America Corp.'s purchase of distressed mortgage lender Countrywide Financial Corp....
  2008-06-05 03:57:48

• Bank of America to Buy Countrywide (Law.com)

  Bank of America agreed Friday to buy troubled mortgage lender Countrywide Financial Corp. for about $4 billion in stock, another sign the...
  2008-01-11 09:13:28