Another Loss for Countrywide as Bank of America Plans for Future
Posted In: Mortgage and Real Estate
Countrywide Financial Corporation logged in on Tuesday with its third consecutive quarterly loss due to a sharp increase it its provision for loan losses.
On Tuesday the Nashville Business Journal reported that Bank of America is planning to modify or otherwise work out some 265,000 Countrywide loans, allowing those customers to stay in their homes.
The troubled loans that Bank of America has targeted for workout...
