Shareholders Approve Countrywide Sale to Bank of America
June 26, 2008
Its now official: Almost 70% of Countrywide Mortgage shareholders have approved the sale of the company to Bank of America. Countrywide Mortgage was founded almost 40 years ago, and has been one of the major players in the real estate mortgage industry for years. It currently handles almost 1/6 of all real estate mortgages in the United States. The sale of Countrywide Mortgage to Bank America is expected to happen by July 1, 2008 and has a value of $2.8 billion.
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