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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.

  3. The pros and cons of getting a money market account ... - AOL

    www.aol.com/finance/pros-cons-getting-money...

    While money market accounts are great for saving and managing your money, it’s important to remember that a money market account is not considered an investment tool, and to build a long-term ...

  4. PennyMac Financial Services - Wikipedia

    en.wikipedia.org/wiki/PennyMac_Financial_Services

    PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California.The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

  5. Angelo Mozilo - Wikipedia

    en.wikipedia.org/wiki/Angelo_Mozilo

    When subprime loans came onto the scene in the late 1980s (Guardian S&L) and 1990s (The Money Store), his company did not participate. He privately described the subprime loan mavericks of the 1990s as "crooks". However, his company began to lose business to the subprime lenders. He had to compete with them or keep losing market share.

  6. What is a money market account? An often overlooked way to ...

    www.aol.com/finance/what-is-a-money-market...

    Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.

  7. Subprime crisis background information - Wikipedia

    en.wikipedia.org/wiki/Subprime_crisis_background...

    Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put the financial system at risk. The decline in the housing market set off a domino effect across the U.S. economy.

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