10.01.2008 20:00 Real Estate
NEW YORK (Reuters) - Bank of America Corp (BAC.N), the second-largest U.S. bank, is in advanced talks to buy Countrywide Financial Corp (CFC.N), the largest U.S. mortgage lender, the Wall Street Journal reported on Thursday.
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In August, Bank of America invested $2 billion in Countrywide, which has been struggling with the U.S. housing slump.
(Reporting by Jonathan Stempel; Editing by Jeffrey Benkoe)
