In the third quarter of 2024, Bank of America experienced a decrease in mortgage production, contrasting with the trend seen among its large banking counterparts who benefitted from lowered interest rates. This decline in mortgage production for Bank of America could have various implications for the company’s overall financial performance and market positioning in the mortgage industry.
Key points:
– Bank of America witnessed a decrease in mortgage production in Q3 2024
– Interest rates dropped during this period, benefiting other big-bank competitors
– The decline in mortgage production at Bank of America could impact its financial performance and market standing within the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/bank-of-america-mortgage-origination-volume-declines-7-in-q3/(subscription required)
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