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  2. Bank of America Home Loans - Wikipedia

    en.wikipedia.org/wiki/Bank_of_America_Home_Loans

    Bank of America Home Loans is the mortgage unit of Bank of America. It previously existed as an independent company called Countrywide Financial from 1969 to 2008. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3. ...

  3. 2007–2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2007–2008_financial_crisis

    The 2007–2008 financial crisis, or the global financial crisis ( GFC ), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [1] excessive risk-taking by global financial institutions, [2] a continuous buildup of toxic assets within banks ...

  4. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    Great Recession. The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. [1] [2] The crisis led to a severe economic recession, with millions of people losing their jobs and many businesses going bankrupt.

  5. Bank of America analysts see 'turbulence' but no housing ...

    www.aol.com/finance/bank-america-analysts-see-no...

    Bank of America economists are nixing concerns about a housing crash like the one experienced in 2008. ... Home loans were also easier to get in the years leading up to 2008 with looser standards ...

  6. Countrywide's Mortgage Document Errors May Doom Bank of America

    www.aol.com/news/2010-11-22-bank-of-america...

    Abigail Field. Updated July 14, 2016 at 6:11 PM. Countrywide's Mortgage Document Errors May Doom Bank of America. Testimony in a New Jersey foreclosure case decided last week may spell big trouble ...

  7. List of bank failures in the United States (2008–present)

    en.wikipedia.org/wiki/List_of_bank_failures_in...

    The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [2] [3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized ...

  8. List of bank mergers in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_bank_mergers_in...

    Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.

  9. Washington Mutual - Wikipedia

    en.wikipedia.org/wiki/Washington_Mutual

    Website. Archived official website at the Wayback Machine (archive index) Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.

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