Yesterday, Bank of America wrapped up its purchase of trouble mortgage lender Countrywide, reports the AP. "The deal is now worth around $2.5 billion, reflecting a decline in Bank of America's stock price over the past six months...The Federal Reserve and Countrywide's shareholders cleared the way for the acquisition last month. As of Tuesday's close, Bank of America controls 20 percent to 25 percent of the country's home loan market." [Daily News]
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