Blog of the Mortgage

I'll let you decide on these stories but basically Bank of America is buying tomorrow, or sometime in the future, CountryWide Financial.

How it gets done will remain to be seen.

Read the following links as they are in-depth to say the least:

http://blogs.marketwatch.com/greenberg/2008/01/the-real-story-on-countrywide/

http://www.nytimes.com/2008/01/11/business/11bank.html

http://www.housingwire.com/2008/01/10/bank-of-america-looking-to-buy-countrywide-ah-the-irony/

You know already that these are interesting times. Bank of America didn't like wholesale so much they shut it down. If they do buy Countrywide, I am trying to think of reason's they would keep that portion (wholesale/correspondent) open.

Oh, by the way, Happy Friday!