Yet another big home loan provider — Bank of America Corp. — realized much healthier quarterly mortgage production volume. The servicing portfolio continued to diminish.
From the first day of April to the end of June of this year, the BofA originated 25 percent less in new home loans than it did during the previous three-month period.
This information, as well as other operational and financial performance data, was provided in the Charlotte, North Carolina-based firm’s second-quarter earnings report.
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From:: Financing