Bank of America Home Loans is a marketing brand engaged primarily in residential mortgage banking and related businesses. It formerly conducted business as Countrywide Financial, but the name was changed on April 27, 2009.Bank of America Home Loans is composed of:*Mortgage Banking, which originates purchases, securitizes, and services mortgages. In 2006 Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender.*Banking, which operates a federally chartered thrift that primarily invests in mortgage loans and home equity lines of credit primarily sourced through its mortgage banking operation.*Capital Markets, which operates as an institutional broker-dealer that primarily specializes in trading and underwriting mortgage-backed securities.*Global Operations, which provides mortgage loan application processing and loan servicing. - Source: Wikipedia
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