Bank of America - Countrywide provided mortgage servicing for nine million mortgages valued at $1.4 trillion
Time: Monday Dec 31, 2007
Place: Calabasas, California, U.S.
Details: The acquisition was seen as preventing potential bankruptcy for Countrywide. Countrywide, however, denied that it was close to bankruptcy. Countrywide provided mortgage servicing for nine million mortgages valued at $1.4 trillion as of December 31, 2007.
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