With Its Name Still on the Government’s Record Books, Countrywide Ranked as Top Ginnie Issuer in 2008
January 22, 2009
Countrywide Bank ended 2008 as the top issuer of Ginnie Mae securities, a misleading result caused by the fact that acquired companies often continue to do business under their original names until their new parent fully consolidates operations. Although Bank of America acquired Countrywide in July 2008, the company issued some $37.61 billion of Ginnie... [Includes one chart]