March 20, 2012

BofA to End Ties to Outside Mortgage Lenders – Wall Street Journal

BofA to End Ties to Outside Mortgage Lenders – Wall Street Journal


New York Times
BofA to End Ties to Outside Mortgage Lenders
Wall Street Journal
Bank of America Corp. will close its correspondent lending business by year's end after failing to reach a deal to sell the unit, moving yet more employees from creating new mortgages to dealing with troubled loans.
Bank of America to shut down a mortgage lending unit that bought loans from Washington Post


BofA to close correspondent mortgage lending unitChicago Tribune

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