Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries.
On January 11, 2008, Bank of America announced that the bank would buy Countrywide Financial for $4.1 billion. The acquisition closed on July 1, 2008 and gave the bank a substantial market share of the mortgage business, and access to Countrywide’s expertise, technology, and employees for servicing mortgages.
Countrywide provides mortgage servicing for more than nine million mortgages valued at $1.4 trillion as of December 2007. This purchase made Bank of America the leading mortgage originator and servicer in the United States, controlling about a quarter of the home loan market.
Talk to a Bank of America loan officer
Get the mortgage you need to buy a home from Bank of America. Bank of America offers several loan products to help individuals and companies get the funding they need. The bank offers both secured and unsecured loans, and separates each type of loan into various categories.
1.800.551.7975 new loans
1.800.669.6607 service for existing loans
Mon. - Fri. 8 a.m. - 11 p.m. ET
Sat. 8 a.m. - 8 p.m. ET
Sun. 9 a.m. - 5 p.m. ET
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