Wow.
Wow.
Wow.
This news totally shocked me.
Most of my banking is done through Bank of America...and my home loan is through Countrywide. So you'd think I'd be cool with this, but I'm not...I like BoA because they're everywhere (to canadian folks: if you remember in our OAC economics class they taught us that anyone can open a bank in the US, it's not like in Canada where there's just like 5 banks and thats it other than credit unions...so you could have a bank with only like 2 locations) and because their online bill paying is absolutely fantastic.
That being said, i also can't stand BoA for the same reason I can't stand 24 Hour Fitness: they're the McDonald's of Banks. I would never want my home loan through them.
Well, I guess COuntrywide had to bend over and take one for the team. The article says:
Bank of America said it initially plans to operate Countrywide separately under the Countrywide brand, with integration occurring no sooner than 2009.
I just need them to not f*ck around with Countrywide too much till the end of 2009 when I have to refinance. That's all I ask. I love my loan dude (Gina's ex husband), I really like the communication, etc...please please PLEASE don't eff me over....
In other news: TGIF!
1 comment:
Actually, Sabina, it souns like this could be a good thing for you. BofA will be able to do more for you than Countrywide and they have much stronger securities backing up their money. Read more at http://money.cnn.com/2008/01/11/news/companies/countrywide_personal/index.htm?cnn=yes.
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