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Bank of America Home Loans

Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006 Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender. Bank of America Home Loans is composed of: Mortgage Banking, which originates, purchases, securitizes, and services mortgages. During th...

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