Tag: Bank of America

Bank of America Mortgage Production Plummets 40 Percent

Bank of America Mortgage Production Plummeted From $14.5 Billion In The 2nd Quarter To $8.7 billion In 3rd Quarter  Bank of America mortgage production plummeted to $8.7 billion in the 3rd quarter. However, it was not all bad news. The bank delivered increases in revenues and net income in the third quarter of 2022. This…

By Steve
2 min read

US Bank Runs Away From Florida’s Marginalized Homeowners

US Bank Runs From Florida Housing Faster Than OJ Simpson In A Hertz Commercial And Without Warning In what might be a sign of a larger exit from the lending business, US Bank recently terminated its long-time relationship with Florida Housing Finance Corporation aka FL Housing. FL Housing is the state’s agency for, “Affordable housing…

Bank of America Reports Double-Digit Drop In Mortgages

Bank of America Reports Mortgage Originations Are Down 11.5% In Second Quarter Bank of America reports that customers haven’t slowed down their activities despite a fear of a recession. In addition. Bank of America reported that deposits have grown to a record level above $1 trillion. The bank also says consumer spending is increasing for…

By Steve
2 min read