Countrywide surges after BofA invests $2B

CHARLOTTE, N.C. – Bank of America Corp. (NYSE: BAC), the second-largest U.S. bank, has acquired $2 billion in non-voting preferred stock in the nation’s largest mortgage lender, the troubled Countrywide Financial Corp. The move helped the nation’s largest mortgage lender avert bankruptcy and boosted investor confidence in stocks worldwide, according to Bloomberg News. “Countrywide is…

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