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LendingTree Loans Chief Economist Comments on Today’s Surprising Fed Cut

2:36 pm   -   January 22nd, 2008

LendingTree
Today the Federal Open Market Committee (FOMC) cut both the fed funds rate and discount rate by 75 basis points, or .75 percent. (more…)

Service Employees International Union Says No to Bank of America Countrywide Deal

4:58 pm   -   January 11th, 2008

The nation’s fastest-growing union, the Service Employees International Union, calls the combination of the United States’ largest mortgage lender with largest bank when both institutions are facing mounting losses and potentially destabilizing risks bad for consumers, bad for business, and bad for America. (more…)

Bank of America Agrees to Purchase Countrywide Financial Corporation

4:55 pm   -   January 11th, 2008

Bank of America Corporation has announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.

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. (more…)



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SunGard Enhances Stream Fail Monitor for Mortgages and Agency Debt
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