local news in ohio: Bank of America buys Countrywide Mortgage, so what? - 01/13/08 09:36 AM
Important announcement that Countrywide, who was in financial trouble due to this whole lending sub-prime mess, was purchased by Bank of America. So what? If you have a loan with Countrywide, your terms will not change. The only thing that will change is who you make your checks to and where you mail them.The interesting thing to me is now Bank of America is alive and well in Columbus as a mortgage loan originator, but they have no local branches here. Columbus is too big to not have a BofA presence here, so I look for them to enter this market … (0 comments)