Bank of America saw a rise in mortgage production in the second quarter of 2024, although it fell short of the levels seen in the same period the previous year. Despite this, the increase in production is a positive sign for the bank’s mortgage division.
Key points from the text:
– Mortgage production at Bank of America increased in the second quarter of 2024 compared to the previous three months.
– However, the volume of production was still lower than the levels recorded in the same period last year.
– The rise in production is viewed as a positive development for the bank’s mortgage division, indicating potential growth and stability in the market.
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