LOS ANGELES AP - Consumer advocates nervous about Bank of America Corp.'s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won't lose their homes.The campaign is likely to intensify Monday as members of the Federal Reserve Board begin two days of public hearings on the proposed $4.
April 28, 2008 at 12:00 AM
1 minute read
LOS ANGELES AP – Consumer advocates nervous about Bank of America Corp.’s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won’t lose their homes.
The campaign is likely to intensify Monday as members of the Federal Reserve Board begin two days of public hearings on the proposed $4.1 billion stock deal.
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