As of April 27, 2009 all Countrywide customers will become Bank of America customers. Bank of America will keep the Countrywide website up and running for transitioning customers. As a customer, there is nothing you need to do. Bank of America will be sending out their official welcome kit which will contain information about your transferring account. In the meantime, continue using the Countrywide website and telephone number you have.

Popular Questions Asked About the Countrywide Bank of America Merger:

Do I need to make my Countrywide account payment payable to Bank of America now? — No, continue payments as normal until notified to change.

Will I be issued a new account number from Bank of America? — No, your Countrywide account number will remain the same.

Why Did Bank of America Purchase Countrywide?

Bank of America, the 2nd largest Bank in the United States went on a buying spree in 2008. Countrywide was one of those purchases at a bargain basement price — $4 Billion. Prior to 2008, Countrywide was valued at $24 Billion. However, Countrywide along with other financial institutions seen their value drop thanks to the housing market crisis. Countrywide was one of the largest private mortgage companies in the United States.

With the Countrywide Bank of America merger, will the new name be Countrywide America or Bank of Countrywide? What do you think the new name should be?

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