B of A Planting ‘Idea’ of Retreat from Mortgage

To the naked eye, it looks as if Bank of America is shrinking its Home Loans division. In mid-September, rumors emerged that its retreat from warehouse lending is imminent, and perhaps absolute, as part of a multiphased austerity program laser focused on mortgage lending.

Article source: http://www.nationalmortgagenews.com/nmn_features/boa-idea-retreat-mortgage-1026886-1.html

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