by Calculated Risk on 1/10/2008 02:24:00 PM

From the WSJ by Damian Paletta, Valerie Bauerlein and James R. Hagerty: Bofa In Talks to Buy Countrywide

Bank of America Corp. is in advanced talks to acquire struggling Countrywide Financial Corp., according to people familiar with the situation.

... two people familiar with the matter said it could occur very soon. It also is possible that an agreement could be delayed or fall apart altogether.