Countrywide Acquires Balboa Life and Casualty
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Countrywide Credit Industries Inc., Calabasas, has acquired Balboa Life and Casualty Group from Associates First Capital Corp., for $425 million in cash, the company announced. Balboa specializes in creditor-placed auto and homeowners insurance nationwide.
Countrywide provides loans for single-family homes through its subsidiary, Countrywide Home Loans.
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