Countrywide falls under Bank of America deal price
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Countrywide Financial Corp   shares on Thursday fell below the $18 price at which Bank of  America Corp  may convert its $2 billion investment into  common stock.
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Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock, a deal that both rescues the country's largest mortgage lender and expands the financial services empire of the nation's largest consumer bank
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Bank of America agrees to buy mortgage firm Countrywide Financial, which has been hit by the credit crisis.
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If you're struggling  with a mortgage you got from Countrywide Financial, you may be wondering what Bank of America's takeover plan bodes for your loan.
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Bank of America Corp said on Friday it would buy mortgage lender Countrywide Financial Corp for $4 billion in a move that could avert one of the biggest collapses in the U.S. housing crisis.
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Countrywide Financial Corp's   decision to sell itself to Bank of America Corp  was  driven in part by fear of potential crackdowns by regulators,  the Wall Street Journal reported on its Web site on Monday.
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U.S. stocks gained on Thursday after news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
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Bank of America Corp said on Friday it agreed to acquire battered mortgage lender Countrywide Financial Corp in a $4 billion transaction that could help avert one of the biggest collapses from the U.S. housing crisis.
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Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December.
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Bank of America Corp, the second-largest U.S. bank, is in advanced talks to buy Countrywide Financial Corp, the largest U.S. mortgage lender, a person familiar with the matter said on Thursday.
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Countrywide Financial Corp., the largest U.S. mortgage lender, said on Monday that foreclosures rose to a five-year high and turmoil in the subprime market may hurt earnings, and its shares fell.
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Countrywide Financial Corp  said on Friday the U.S. housing slump led to a $1.2 billion third-quarter loss, but the largest U.S. mortgage lender expects to return to profitability this quarter as it slashes jobs and stabilizes its operations.
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NEW YORK, Jan. 10 -- Countrywide Financial shares more than doubled Thursday after reports that Bank of America was in discussions to buy the nation's largest mortgage lender.
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Countrywide Financial Corp. , the largest U.S. mortgage lender, on Monday said it has low exposure to nonprime mortgages, but may still experience fluctuating earnings in the near term due to turmoil in the U.S. subprime market.
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Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry shakeout that has rattled global markets.
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Countrywide Financial Corp ,  the largest U.S. mortgage lender, said on Thursday that it had  lined up $12 billion of secured financing to help cope with a  housing slowdown that has reduced loan demand and will lead to  widespread layoffs.
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Countrywide Financial Corp.,  the largest U.S. mortgage lender, said on Monday that  foreclosures rose to a five-year high and turmoil in the  subprime market may hurt earnings, and its shares fell.