This past week, Bank of America Chairman and CEO Ken Lewis and Mortgage, Home Equity and Insurance Services Executive Barbara Desoer participated in several media interviews presenting messages about the strength of our mortgage franchise and our determination to profitably and responsibly grow our business. I am pleased to share an example of these communications efforts.
On March 13, Bloomberg News ran an article headlined, “Bank of America’s Desoer Says ‘Thank Goodness’ for Countrywide.” Barbara was quoted as follows:
“Volume is good, application quality is holding up and the acquisition of Countrywide is really paying off for us with the additional capacity. Thank goodness we have it.”
Other highlights in the article included:
Extremely competitive jumbo mortgage rates and our desire to increase jumbo loan volume
Our commitment to improve the customer experience
Opportunities for loan production with Merrill Lynch affluent customers
The full Bloomberg News article is available at the following link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDe2IcgvIIQI
Ø Please take time to review this article. It offers a powerful message about Bank of America’s strength, stability and commitment to the mortgage marketplace.
Bank of America: Proprietary
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