Bank of America to Sell Correspondent Mortgage Business

CryptoPotato

August 30, 2011 11:58pm Comments

Bank of America (NYSE: BAC) intends to sell its correspondent mortgage business and employees could be notified as soon as Wednesday, according to sources. The unit employs more than 1,000 people.

Bank of America's 24.3% share of the correspondent market is second only to Wells Fargo.

View Comments and Join the Discussion!

View the discussion thread.

Posted-In: News Asset Sales Hot After-Hours Center

1	WRD, PONY: Pony AI Vs. WeRide: Who's Leading China's Robotaxi Race
2	CMG: Stock Of The Day: Time To Buy Chipotle Mexican Grill?
3	F, TM: Trump Tariff Worries Drive Middle-Income Americans To Rush Car...
4	The Secret To Profitable Trading That No One Wants To Hear
5	LCID, INTC: Consumer Tech News (July 21–July 25): Big Tech Earn...
6	WHR, PSX: S&P 500 Notches 5th Consecutive Record Cl...
7	Trump's Charm Offense In Europe Unleashe...

1	ARWR, SRPT: Sarepta Therapeutics Surges Over 40% In Tuesday Pre-Market: What'...
2	STLA: Stellantis H1 2025 Revenue Falls 13% As CEO Antonio Filosa Calls 2...
3	DNUT, OPEN: Wall Street Is Getting In On 'Meme' Stock Acti...
4	GOOG, AAPL: India Becomes Top US Smartphone Exporter As Tr...
5	JBLU: Top Wall Street Forecasters Revamp JetBlue...
6	PYPL: PayPal Gears Up For Q2 Print; Here Are...
7	$BTC, $ETH: 'All Property Becomes C...

Market Overview

Tickers

Articles

Keywords

Bank of America to Sell Correspondent Mortgage Business

Related Articles (BAC)