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introducing clip-to-blog

 The easiest way to blog the interesting things you find on the web.
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clipped from www.prnewswire.com
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. (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b) The purchase will make Bank of America the nation's largest mortgage lender and loan servicer. This is an important advancement in the company's desire to help customers and clients meet all of their financial needs. A mortgage is one of the key foundations of many customer relationships. Countrywide will benefit from the stability of being part of the largest and one of the most financially strong financial institutions in the United States. Bank of America will benefit from Countrywide's broader mortgage capabilities, including its extensive retail, wholesale and correspondent distribution networks.
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