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First Priority Financial: The Mortgage Consumer Blog

Educating You About Mortgage Loans in Today's Marketplace

It does not matter if you are looking for California Home Loans or Oregon Home Loans, Bank of America is a giant in the industry who is responsible for many of the home mortgages sold in the United States. Even if you do not get a loan from this company, about half the time, Bank of America will end up owning your loan. It is part of their business to buy packages of loans from other lenders. After all they are number 1 in bank wealth.

But..... the bigger they are, the harder they fall and now Goliath is starting to fall...... Did you know that Bank of America has twice as much money, is twice as wealthy, as its nearest US bank rival Chase? Did you know that Bank of America HAD to buy Countrywide and Merrill Lynch as ordered by then Bush's Secretary of the Treasury Hank Paulson? Did you know that the CEO of Bank of America was told he would be FIRED if he did not? Now it is the same Countrywide and Merrill Lynch that are bleading this huge company dry. A simple twist of fate..... perhaps, or part of the Bush era manipulation of some of the largest companies in America. And who did Hank Paulson use to work for? Answer:  Goldman Sachs, who probably made the most moeny of any of them during the financial crisis. Go figure.

FYI - It was Ken Lewis who was told he would be fired if he did not buy Countrywide and Merrill Lynch.... now you know some of the rest of the story


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