Countrywide execs named to BofA mtg business-WSJ
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  NEW YORK, June 10 (Reuters) - Bank of America Corp <BAC.N>\nhas chosen several senior Countrywide Financial Corp <CFC.N>\nexecutives to help run its mortgage business after the\nacquisition of Countrywide is completed, the Wall Street Journal\nreported on Tuesday.\nExecutive Managing Director Andrew Gissinger will head\nseveral groups responsible for selling mortgages to consumers,\nthe paper said.\nHe will report to Barbara Desoer, a former Bank of America\nchief technology officer, who is to head the combined consumer\nmortgage operation.\nLate last month, Bank of America said Countrywide President\nDavid Sambol would retire rather than take over the combined\ncompanies' mortgage operations, pleasing those who saw him as one\nof the architects of the subprime mortgage crisis.\nSambol, the highest-ranking official at Countrywide after\nChief Executive Angelo Mozilo, was named head of the combined\nmortgage group soon after Bank of America agreed in January to\nbuy mortgage lender Countrywide for $4 billion.\nMozilo intends to leave the combined company. Countrywide\nshareholders are scheduled to vote on the acquisition on June 25\nand the deal is expected to close in the third quarter.\nGregory Lumsden, a senior managing director who ran\nCountrywide's subprime lending business, for borrowers with weak\ncredit records, plans to step down, the Journal reported.\nCountrywide is the largest U.S. mortgage lender and has been\na target of consumer advocates, politicians and regulators who\nhave said its lending practices were a prime cause of the\nnation's housing slump.\n(Reporting by Christopher Kaufman; Editing by Ben Tan)\n((Reuters Messaging chris.kaufman.reuters.com@reuters.net;\nchris.kaufman@thomsonreuters.com, phone 646 223 6011))\nKeywords: COUNTRYWIDE EXECS/