http://www.mortgagenewsdaily.com/1112008_Bank_of_America_Countrywide.asp...By late afternoon both Reuters and the Wall Street Journal were reporting the rumor as fact, saying that Bank of America was preparing to follow-up its August investment of $2 billion in Countrywide preferred stock (at approximately $18 per share enCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/1112008_Bank_of_America_Countrywide.asp#9514Mon, 17 Mar 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9514PWSince jP Morgan Acquisition Mortgage Company is the holder of most of the Countrywide foreclosed properties, why doesn&#39;t JP Morgan offer those unfortunate individuals who lost their property due to the lender &quot;teaser&quot; loans the chance to repurchase the foreclosed property at a fixed lower interest rate? I don&#39;t know the exact percentage nation wide, however, I do know in the area I live, all the Countrywide foreclosures are just sitting empty with no relevant information on how to purchase the properties. JP Morgan, if you are to be the saving grace of the &quot;housing crisis&quot; step up.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9514" width="1" height="1">http://www.mortgagenewsdaily.com/1112008_Bank_of_America_Countrywide.asp#9515Fri, 11 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9515ToddGeorge, Countrywide is exempt from that so it would not affect BOFA.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9515" width="1" height="1">http://www.mortgagenewsdaily.com/1112008_Bank_of_America_Countrywide.asp#9513Fri, 11 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9513Hope I do not understand how this merger could be allowed. If Countrywide is on the verge of Bankrupcy how could anyone pay 4 billion dollars for it. Doesn&#39;t Bankrupcy mean you are operating in the red. Also if the stock is at $9 a share and the purchase price is valued at $7.6 per share who makes up the difference. I think the most disgusting thing of all is them talking about a severance package of 100 million dollars to Mazillo. How much would his severance package be if the company wasn&#39;t purchased but went bankrupt instead? The whole thing stinks badly!!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9513" width="1" height="1">http://www.mortgagenewsdaily.com/1112008_Bank_of_America_Countrywide.asp#9512Fri, 11 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9512GeorgeIsn&#39;t there a Federal Law prohibiting banks from holding &gt; 10% of U.S. Deposits? Wasn&#39;t BOA @ &gt; 9% after the La Salle acquisition? <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9512" width="1" height="1">