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 the United States GDP, a proportion greater than any other single mortgage lender.
| Company type | Division of Bank of America |
|---|---|
| Founded | March 14, 1969 (Countrywide) April 2009 (Bank of America Home Loans) |
| Headquarters | Calabasas, California, USA (Countrywide Financial) Charlotte, North Carolina, USA (Bank of America) |
Key people | Barbara J. Desoer, President of Bank of America Home Loans and Insurance |
| Revenue | $6,061,437,000 US$ (2007) |
| $1,310,274,000 US$ (2007) | |
| $703,538,000 US$ (2007) | |
| Parent | Bank of America |
| Website | Bank of America Home Loans |
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