Bank of America’s home lending business takes a hit in Q4
Bank of America (BofA), which has been deemphasizing its home lending business for many years now, has released its fourth quarter results. The second-largest US bank reported that it originated $13.7 billion of product in Q4 2020, a 2.2% gain from the previous quarter. BofA saw its home lending plunge by 38.2% year over year. … [Read more…]