Bank of America profit falls after mortgage-related charges
BofA, the second-largest U.S. bank by assets, cut 3,000 jobs in its mortgage servicing unit in the fourth quarter and said it could reduce expenses in the division by $1 billion by year-end. It also made more home loans in the quarter, with mortgage volume rising 42 percent from a year earlier as borrowers refinanced at low rates.
Join the discussion below, or Read more at Reuters.
#1 Jan 17, 2013
Dear Bank of America,
Add your comments below
|America's consumer financial sheriff and the ho...||May 14||tomin cali||1|
|It's legal to get a mortgage even if you are un...||May 11||Wildchild||1|
|Goal for Bithlo: 'Lasting changes' (Jul '10)||May 11||Chinadoll||150|
|Countering 'grossly misinformed' opinions on Ca...||May 10||Jack||1|
|Suit accuses lender of harassment (Feb '07)||May 8||lloydjv||69|
|Low-income renters in Baltimore become migrants...||May 8||Fitus T Bluster||1|
|Many Ohio homeowners remain underwater on mortg...||May 7||They cannot kill ...||2|
Find what you want!
Search Mortgage Forum Now
Copyright © 2017 Topix LLC