Bank of America Completes Countrywide Purchase

The most-discussed mortgage transaction in industry history is complete, with Bank of America Corp. saying Tuesday morning that it had completed its purchase of mortgage industry giant Countrywide Financial Corp.

Countrywide Sees Losses Widen in Q1

Countrywide Financial Corp. (CFC: 5.86, +0.51%) said Tuesday morning that losses continued to widen during the first quarter as homeowners faltered at a record pace.

The Golden Parachute: CEO Severance And the Housing Crisis By the Numbers

It’s no secret that CEOs have been raking in millions of dollars in salaries, stock options, retirement benefits, and perks like country club memberships and private jet use at a rate that far outpaces the growth of rank-and-file workers’...

Bank of America Agrees to Purchase Struggling Mortgage Firm Countrywide

Bank of America Corporation today announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.