Tag Archives: Formally End Countrywide Era

BoA To Formally End Countrywide Era, Add Mortgage Jobs

Bank of America said it plans to eliminate the brand name of Countrywide – nearly synonymous with the subprime crisis and deceptive lending in the public imagination – by the end of April, although BoA chief executive Ken Lewis recently said the lender is “on fire, in a positive sense.” Despite remaining on track to eliminate 7,500 Countrywide positions, the bank said it expects to create hundreds of new loan production jobs.… more