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Bank of America Countrywide

Bank of America Countrywide symbolizes one of the greatest mergers in mortgage industry. Countrywide Financial was known to be the largest loan origination and servicing company in the US before the merger took place.

With this acquisition, Bank of America emerged as the leader in industry by gaining a significantly large number of customers who have taken mortgage loans from Countrywide Bank. These customers are now being serviced by BofA through its subsidiary Bank of America Home Loans, which is the new name given to Countrywide Home Loans.

Bank of America Countrywide Merger

The Bank of America Countrywide merger was first announced in August 2007 but the final settlement on purchase agreement and stock price was reached only in January the next year. The deal was completed in July 2008 and with that BOA acquired the mortgage servicing rights for over nine million mortgages valued at nearly $1.5 trillion.

Experts believe that the deal also helped Countrywide prevent a possible bankruptcy as it was struggling to cope with the financial pressure created by the economic downturn. The takeover brought a new life to the bank and gave a sigh of relief to its customers who were trying hard to prevent foreclosures through a viable loan modification product.

Bank of America Countrywide Home Loans

Also known as Bank of America Home Loans and Insurance, this subsidiary of the largest bank-holding company in the United States is based in Calabasas, CA. The CEO of the company is Barbara J. Desoer who is also its President. Besides providing services to existing Countrywide Bank customers, this company is engaged in a number of financial activities through different functional divisions, such as Mortgage Banking, Banking, Capital Markets and Global Operations.

Its loan servicing division exists as a separate company known as BAC Home Loans Servicing LP, which is headquartered at Fort Worth Texas. The company also has offices in Plano TX, Van Nuys CA and Simi Valley CA. Here is the headquarters address of BAC Home Loans Servicing LP, FKA Countrywide Home Loans Servicing, LP.

Bank of America, N.A.
PTX-C-32 7105 Corporate
Plano, TX 75024

Bank of America Countrywide Home Loans Login

Since Countrywide has now almost lost its existence into Bank of America Home Loans, customers should use the resources provided by BofA for any help and assistance. They can continue making online payments by signing in to its website using their converted login ID. Upon clicking the login button, they will see a sign in page asking them to enter the purpose of transaction.

Select online banking and click the sign in button to open the page which asks you to enter your login ID. Upon supplying the requisite information you will get access to your account online. View your balance and payment details and make payment while logging in to your account. For more information call the customer service department at 1.800.669.6607. New customers can get information about loan products by calling 1.866.670.5271.

Website: homeloans.bankofamerica.com


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