The Countrywide name will soon be gone for good. The WSJ announced that Bank of America, which recently acquired Countrywide, will discard the Countrywide name. Countrywide will now be rebranded as Bank of America Home Loans.
Bank of America acquired Countrywide, a home mortgage lender, last July for $2.5 billion (the initial $4 billion deal was revalued due to Bank of America’s falling share price by the time it was completed). Bank of America Home Loans will continue to be based in Calabassas, CA, where Countrywide is based.
Note: I saw an article announcing this information on the nytimes website last night, but it does not appear to be up today.