Countrywide = Risky Lending

Faced with a stack of lawsuits, allegations and regulatory investigations into its new acquisition, Bank of America swiftly dropped the name “Countrywide,” now referring to its mortgage programs as simply “Bank of America Home Loans.”

Though they’ve cast off the newly unpopular name, Bank of America still defends the former Countrywide, stating that one of the most recent lawsuits filed against the company is without merit and that the corporation “intends to vigorously defend the case.” (more…)