Jun 29, 2012 . A huge mistake is weighing on Bank of America. The bank's acquisition of mortgage lender Countrywide in 2008 has cost BofA more than $40 billion, the Wall Street Journal reports. The merger turned BofA into a big player in the mortgage market right before the housing bubble burst and since the bank . Jan 11, 2008 . Bank of America Corp. has agreed to buy Countrywide Financial for $4 billion in stock, company officials announced Friday. The deal will make the Charlotte- based bank the nation's biggest mortgage lender and loan servicer. " Countrywide presents a rare opportunity for Bank of America to add what we . Oct 23, 2013 . Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis. Jan 11, 2013 . Five years ago Friday, Bank of America announced it was buying one of the nation's largest mortgage lenders. Bank officials thought the deal to buy Countrywide Financial would cement Band of America's place at the top of the commercial banking business. But it did not turn out that way. STEVE INSKEEP . CHARLOTTE, N.C., July 1 /PRNewswire/ -- Bank of America Corporation today completed its purchase of Countrywide Financial Corp. to create the nation's leading mortgage originator and servicer. Bank of America will focus on responsible home lending, serving as a reliable source of mortgages for the American . Oct 23, 2013 . BoA liable for up to $848m in damages after Countrywide found guilty of selling bad loans to Fannie Mae and Freddie Mac. Aug 17, 2014 . Bank of America's mortgage business has lost more than $50 billion since the Charlotte bank bought Countrywide Financial for $2.5 billion, according to an Observer tally, and more losses are coming in an expected Justice Department settlement. After announcing the deal for the ailing subprime lender in . Creates Largest U.S. Mortgage Lender and Servicer. CHARLOTTE, N.C., Jan. 11 /PRNewswire/ -- Bank of America Corporation today announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion. The purchase will make Bank of America the nation's . Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single .Find competitive home loan rates and get the knowledge you need to help you make informed decisions when buying a home. "Countrywide and Bank of America cast aside underwriters, eliminated quality controls, incentivized unqualified personnel to cut corners, and concealed. The Bank of America Tower (BOAT) at One Bryant Park is a 1,200 ft (366 m) skyscraper in the Midtown area of Manhattan in New York City. It is located on Avenue of the. Summary. Although Bank of America recently settled a Justice Department complaint alleging racial discrimination in mortgage lending by its Countrywide subsidiary. Bank REO List. This is our master REO (Real Estate Owned) list for people looking for bank foreclosed properties. We have received many requests in recent months. The Bank of America Center is a highrise representing one of the first significant examples of postmodern architecture construction in downtown Houston, Texas. Bank of America has agreed to fork over a record $335 million to settle claims that its mortgage division, Countrywide Financial, discriminated against. At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and . Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives. Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.