BofA will reach the top with Countrywide deal.

PositionCharlotte

Charlotte-based Bank of America is set to add "largest U.S. mortgage lender" to its list of credits, following the news it intends to purchase financially troubled Countrywide Financial in a $4 billion deal. The bank will add Calabasas, Calif.-based Countrywide's $1.5 trillion loan portfolio to its own, moving it up from its current ranking of fourth-largest, past JPMorgan Chase and...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT