After the announcement that Bank of America would be acquiring struggling mortgage originator Countrywide Financial, market participants cheered that the deal was a step in the right direction for the troubled firm.

But while Bank of America's investment could sustain the nation's number one mortgage originator, many observers believe that integrating the mortgage platforms of both firms will naturally result in the elimination of redundant operations and jobs.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.