Bank of America comes to the Rescue…$2 Billion injected to Countrywide
Posted on August 23rd, 2007 by admin
Saving Grace for all of us…As per TheStreet.com - Bank of America will invest $2 Billion into Countrywide. Word on the street is that Countrywide is not funding jumbo loans, why…because many are defaulting right now. I personally know of an investor that has over 700 FICO score, strong verified assets that just can’t get Countrywide to fund the loan. This is good news that will reduce the fear that all will go down! Hey, maybe this will breath live into First Magnus as they used to sell their paper to Countrywide…that way - our company will be able to collect on our $50 Million dollar lawsuit!
Filed under: Miscellaneous
