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Capital One looking to aquire BOA?

Posted on 11/10/11 at 11:25 am
Posted by southernelite
Dallas
Member since Sep 2009
53328 posts
Posted on 11/10/11 at 11:25 am
Already aquired all of BOAs mortgages, are they looking to aquire the rest of their holdings as well?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 11:30 am to
What?
Posted by southernelite
Dallas
Member since Sep 2009
53328 posts
Posted on 11/10/11 at 11:47 am to
capital one has purchased all of bank of Americas mortgages....the last time they did that, they restructured those and acquired everything else as well.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 11:50 am to
Link?
Posted by tigermannola83
New Orleans
Member since Sep 2010
97 posts
Posted on 11/10/11 at 11:54 am to
i seriously doubt this will happen in the any distant future.
Posted by southernelite
Dallas
Member since Sep 2009
53328 posts
Posted on 11/10/11 at 11:59 am to
I looked, couldn't tnd one yet, heard it from a reliable source yesterday.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 11:59 am to
Ignoring any other myriad of things, its not even remotely financially possible. I feel like I'm getting trolled here.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 12:02 pm to
Right.
Posted by Interception
Member since Nov 2008
11089 posts
Posted on 11/10/11 at 12:09 pm to
quote:

Already aquired all of BOAs mortgages, are they looking to aquire the rest of their holdings as well?


I don't see this happening brah?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 11/10/11 at 12:27 pm to
I nearly shat myself when I read this.

That's like a gerbil trying to mount an elephant.

Also, I don't think COF bought out their mortgages either.

I think you are confusing BOA and ING.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 12:39 pm to
Seriously I think we're getting trolled.
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17223 posts
Posted on 11/10/11 at 12:46 pm to
quote:

I think you are confusing BOA and ING.


Must be. I work closely with them daily and have known about ING for a while. No way in hell they could aquire BOA.
Posted by southernelite
Dallas
Member since Sep 2009
53328 posts
Posted on 11/10/11 at 12:58 pm to
The mortgages deal is done.

I didn't really think much of the rest of what was said, that was pretty just going by what I heard.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 1:08 pm to
The ING deal was announced like 6 months ago.

quote:

The mortgages deal is done.


Which mortgages?

eta:
This post was edited on 11/10/11 at 1:19 pm
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17223 posts
Posted on 11/10/11 at 1:10 pm to
quote:

The ING deal was announced like 6 months ago.


Exactly. I knew about it a couple of weeks before that
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 1:18 pm to
Yeah that stuff usually isn't kept secret very well at all. There were rumors about it for several months before that given COF's expansionary stance and ING's continued dismantlement, it seemed that they were just waiting for conditions to improve before announcing it in hopes of gaining the necessary regulatory approval (which didn't really work given that its still dragging along).
Posted by Culley24
Knoxville
Member since Mar 2010
51 posts
Posted on 11/10/11 at 1:51 pm to
They did not buy all of BOA mortgages...just and FYI
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 1:59 pm to
I hope the insanity of suggesting that COF buy or bought either 1) all of "the mortgages" of BOA or 2) buying BOA itself is not lost on any one else. Where are JT, Russian, and tirebiter?
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2963 posts
Posted on 11/10/11 at 2:19 pm to
Is the thread title extremely misleading and outrageous to anyone else that read it?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/10/11 at 5:37 pm to
Still popcorning over here. Can't wait to hear about the largest financial transaction in modern history, huge MB scoop.
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