Quoc: Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20 % of all mortgages in the United States, at a value of about 3.5 % of United States GDP, a proportion greater than any other single mortgage lender.\n\nWhen did countrywide merge with bank of america?
HW Chung: OK, some thoughts:
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The relevant sentence in the passage is: In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. The answer is 2008.
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