- May 25, 2002
- Professional Status
- Certified Residential Appraiser
Bank of America Corp. affirmed plans to buy Countrywide Financial Corp., the mortgage lender that lost $422 million in the fourth quarter, and said it doesn't need to raise more capital after last week's preferred share offering collected almost $13 billion.
``Everything is a `go' to complete this transaction,'' Bank of America Chief Executive Officer Kenneth Lewis said at an investor conference today, referring to Countrywide. The Calabasas, California-based mortgage company rose as much as 8.6 percent today in New York Stock Exchange composite trading.