BOA Slowing Down

Posted on July 19th, 2011 in Market Conditions.

Bank Of America is down shifting away from doing as many loan originations.

In my opinion why go to BOA for a loan … Especially now.

I always thought BOA was too bog for a purchase loan anyway. They are so large and have such “one size fits all” loan products.

Bank of America Company executives told investors this week will become more discriminating on (MSRs) to their books and will be focused on selling off MSRs more aggressively.