in this day and age there is no reason whatsoever to do business with BofA.
BofA bought the “servicing rights” for mortgages and figured a small 3% default rate, instead they have a 15% or higher default and have problems establishing standing or even ownership of files and notes.
remember they ONLY hold servicing rights not ownership.
BOA pretty much had no choice in taking over Countrywide. That’s pretty much the scuttlebutt I’ve heard...it was a deal made with the Feds.