Thursday, January 10, 2008

Gov't seen to favor Countrywide buyout (AP)



The Countrywide office building is seen in Pasadena, Calif., Thursday, Jan. 10, 2008. A buyout of hobbled mortgage lender Countrywide Financial by Bank of America Corp. likely would be approved by regulators, analysts say, because otherwise the company could file for bankruptcy, further disrupting the market for home loans. (AP Photo/Damian Dovarganes)AP - A buyout of hobbled mortgage lender Countrywide Financial likely would be approved by regulators, analysts say, because otherwise the company could file for bankruptcy, injecting further uncertainty into the home-loan market.




No comments: