By the end of this year, Bank of America is expected to complete its $4 billion acquisition of Countrywide Financial, the most active U.S. lender and the most active subprime lender in Palm Beach and Broward counties. Bank of America has 55 branches in Palm Beach County an 90 in Broward County; 3 percent of its loans in the two counties were subprime in 2006.
|Freedom Mortgage CEO drops $20M on Ocean Ridge estate|
|Plan to build Cuban museum on waterfront site behind AmericanAirlines Arena scrubbed|
|Pebb, Tortoise Properties pay $42M for ADT’s headquarters in Boca Raton|
|Six industry titans on the joys and pains of their first jobs|
|Private equity CEO Thompson Dean pays $41M for Palm Beach mansion|