BNET Industries
Last Fiscal Year Sales:$25.1B
- Private
- US
Dow Jones Description
Countrywide Financial is proud to have become a wholly owned subsidiary of Bank of America Corporation. We have become America's leading home loan provider and we know with this position comes great responsibility to our communities and our customers. We are committed to responsible lending practices, meaningful community development initiatives and providing a broad suite of products. Combining the two companies will create unique opportunities that will build stronger customer relationships and deliver solutions that are more responsive to customers needs. With nearly 40 years of experience in the mortgage business, Countrywide is committed to continuing to help customers achieve and sustain homeownership. Countrywide is very excited about the opportunities this merger will provide.
Number of Employees 54,456
Contact Information
4500 Park Granada
Calabasas, California 91302-1613
818-225-3000
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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Fed Says Bank Of America Must Find Some Businesses To Sell
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KB Home, Countrywide, LandSafe face another lawsuit on rigged appraisals claim
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Class-action suits against KB Home expand to Florida, North Carolina and South Carolina
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Buy These Stocks and Make Money
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Bank of America Scrambles to Provide Mortgage Relief
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Homebuyers, union allege deception by builders
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The Financial Crisis: This Dayâ€"One Year Ago, Sept. 14, 2008
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Washington, D.C., settles with BofA unit
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Washington D.C. joins Countrywide settlement
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August 7, 2008 Thursday: Jobs Disappear; AIG's Woes
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SEC escalating enforcement
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Bank of America earns $2.4 billion
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Countrywide fraud case hinges on disclosures to investors
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Bank of America Mortgage
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SEC v. Mozilo: Repairing the Financial Services Industry
News & Analysis
Filter by
countrywide financial corp. and federal reserve board - All News and Analysis
Wall Street stumbles Credit anxieties, slowing economy weighs on
- 2008-01-12
NEW YORK -- Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which...
Wall Street plummets
- 2008-01-09
NEW YORK -- Wall Street skidded lower in another fitful session Tuesday, with investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp. but also create problems for other companies like AT&T Inc. The Dow Jones industrials fell nearly 240 points. ...
Anatomy of a meltdown
- 2007-10-01
The subprime meltdown spilled over into other financial markets over the summer. Investors fled the private-label residential mortgage-backed securities market, shutting it down in early August. Facing margin calls, falling asset values, no buyers for non-agency bonds and no buyers for mortgages originated for the private-label market, mortgage companies large...
Wall Street rallies
- 2007-09-14
NEW YORK -- Stocks advanced solidly Thursday, led by stronggains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional financing. The Dow Jones industrial average rose by more than...
Wall Street edges down
- 2007-08-24
NEW YORK -- Wall Street ended a mildly erratic day slightly lower Thursday after anxiety about widening credit problems offset investor optimism about a $2 billion capital infusion into troubled mortgage lender Countrywide Financial Corp. The market gave up a moderate early gain, but fluctuations were to...
Wall Street mixed as credit worries linger despite Countrywide
- 2007-08-23
NEW YORK -- Wall Street pulled back Thursday as ongoing anxiety about widening credit problems was enough to offset initial investor optimism about a $2 billion capital infusion into troubled mortgage lender Countrywide Financial Corp. The market gave up a moderate early gain, but fluctuations were to be...
Jeffrey K. Speakes, chief economist, Countrywide Financial Corporation
- 2005-12-01
JEFFREY K. SPEAKES NO DOUBT HAS learned to live with the mixed blessing of having a name that's hard to forget, but also easily subject to word play. Consider, for example, the headline "Speakes Speaks" in a recent issue of Business Week. However, the joke would be on those...
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