Friday, July 25, 2008

July 1st was the Legal Day of the Merger

July 1st was the Legal Day of the Bank of America and Countrywide merger.Countywide is now a wholly owned subsidiary of Back of America. All efforts have begun to proceed with the integration of the two organizations.There will be minimal operational changes in the beginning for either the customer or the employees of either firm. While changes will occur as the transition progresses, these changes ill come in steps over a period of time. To begin with, the name of Countrywide will remain for a period of approximately 6 months on buildings, stationary and business cards. Ultimately, the name will become a Bank of America Mortgage. Bank of America has stated publicly they were aquiring Countrywide because of their mortgage expertise and superior technological platform. It is Bank of America's desire to move their mortage division into Countywide's platform and continue with the growth plan. It is expected 1 in 4 of all home loans in the country will be serviced by the newly formed organization. The management team running the new organazation will be primarily Countrywide's existing management team currently in place.Ad for me individually, my 33 years experience in this business tells me to make the best of the changes especially in a turbulent market which brought on these changes in teh first place. I consider this another chapter in the book of life. As this is my 3rd housing correction I have endured it is my intention to be here to benefit from the good times when they return. Thank you for your continued support. Send me Deborah Shane an email or call me at: 949-218-2018 Email: CaCoastalProperties@gmail.com or check out San Diego I will answer all your questions and if you like, I will send you Orange Count Home Listings.

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