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Countrywide Bolstered by $2 Billion Cash Infusion from Bank of America
By Staff WriterCalming the waters a bit in the nation's tight credit markets, Countrywide Financial Corporation, the leading mortgage lender and servicer in the U.S., announced yesterday that it received a $2 billion strategic equity investment from Bank of America. Last week Countrywide drew down on its full $11.5 billion line of...
