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…
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…