Bank of America May Not Guarantee Countrywide's Debt (Update4) (Bloomberg.com)
By Mortgage Rates Admin - Posted on May 2nd, 2008
Tagged: bank of america corp
• countrywide financial
• countrywide financial corp
• mortgage lender
• u s bank
May 2 (Bloomberg) -- Bank of America Corp. , the second- biggest U.S. bank, said it may not guarantee $38.1 billion of Countrywide Financial Corp. 's debt after taking over the mortgage lender, increasing the likelihood of a default.
