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» Bank of America-Countrywide Juggernaut May End Up Being Less Than the Sum of Its Parts
Bank of America-Countrywide Juggernaut May End Up Being Less Than the Sum of Its Parts
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On paper, the recently announced acquisition of Countrywide Financial by Bank of America would create a new giant in the mortgage market, accounting for nearly a quarter of all new originations and a fifth of the servicing business. But a new...