bank of america countrywide buyout

bank of america countrywide buyout Six months after plans announced in the ' control ' level of financial" in full, many investors questioned the judgment creditor proposals is 4 billion dollars to. bank of america countrywide buyout, "a strange silence about their plans to merge Monday, except for the meetings of the regulatory action, Cryptic warning that investors are not included in the application of the presumption that all of the rural debts last month.

But in a conference call Monday with investor Kenneth d. Lewis, the bank of america countrywide buyout have confirmed their intention to buy, which is expected to close in a row. On the question of what apartment decreases and increases in loan default, since the publication of treaties. Mr. Lewis has defended. "Simple", "", "we should not head in the sand," he said.

Investing in distressed assets, of course, can be very cost-effective. But shareholders Mr. Lewis has the right to be nervous about the agreement, say analysts. If a lender House most of the nation, Countrywide is located in the Centre of the storm of the mortgage and was surprised by the bad financial results, but by a careful examination of the State and federal regulatory agencies. Bankruptcy judges are vocal on what questionable tactics adopted by bank of america countrywide buyout against such troubled borrowers considered.

"There is a lot of call bank of america countrywide buyout shareholders in the stomach," said real estate Analyst Mike Larson Weiss, Jupiter, FLA.

Only California and Florida, the largest of the States donation attack lasts affected mass, he said, it is also a great national is one of the houses of the credit lines and weapon of choice is known for certain types of mortgage portfolio. Mr. Larson "this company has many geographical areas and types of credit worse performance indicates that vulnerable persons," said. "In terms of the contract or the Convention on the logic of real-world problem."

These terms and conditions for restrictions on 11 jan. bank of america countrywide buyout called for countrywide stock, worth $ 5.56 to current prices. Specifies whether the elements of trade transactions countrywide 13 percent discount price of scepticism.

David Dreman, Dreman value management, asset management, which is $ 15 million. President, bank of america countrywide buyout stock in which he said he was "satisfied with the agreement on the arms, we want to Bank of America, but I suspect that they have the right to vote and if too fast," he said, "is a process that we hope will not bite them, too bad.

On Thursday, Federal Reserve, to approve the deal. But the financial results for the whole country has shown any signs of ugly decline lately. In the past nine months, lost $ 2.5 billion, according to financial reports. In the first quarter of 2008, $ 6 billion, total non-performing assets almost five times the same period last year.

Robert Stickler, bank of america countrywide buyout spokesman said "we understand that a black hole here and there, and that the country will go through the economic problems." "The question is, what is the hole." We are yet due diligence than ever, we are in the market, and we the holes is clear.

• Bank of america countrywide settlement
• Bank of America Countrywide merger