Causing some momentary confusion, seniors with a Countrywide reverse mortgage have begun receiving reverse mortgage statements and correspondence from Bank of America.

So, for anyone still completely in the dark, this is the result of Bank of America's acquisition and merger with Countrywide, including Countrywide's reverse mortgage operations.

The Bank of America and Countrywide merger will have no affect on the payouts received under existing reverse mortgages originally obtained through Countrywide.