Destination Villas Reports Bank of America to Buy Countrywide Financial

Bank of America announced Friday it has agreed to buy Countrywide Financial for $4 billion. This announcement comes only five months after Bank of America bailed out Countrywide Financial, infusing $2 billion into the company. The deal is hoped to steady the weakened home mortgage market and for Bank of America to become “the nations premier lender to consumers.”  Ken Lewis, Bank of America’s chief executive goes on to state that Bank of America is “aware if the issues within the housing and mortgage industries.” Destination Villas Editor, Tori Milan states in her vacation rental news release today "this is a positive step toward stabilizing the real estate and vacation home markets."

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Destination Villas was founded by vacation rental homeowners dedicated to providing tools that help vacation rental homeowners manage and maintain profitable properties. Users of the DestinationVillas.com website can find vacation rental homes, villas, cabins, or cottages and save up to 70% when you rent by owner. DestinationVillas.com offers free comprehensive listings for vacation homes and villas worldwide, plus helpful tools such as a last-minute deals and destination guides.