Fourth Quarter Mortgage Originations Slide at Citi, BofA
Bank of America saw total mortgage production of $44.6 billion in the fourth quarter, down from $51.5 billion in the third quarter, but nearly double the $24.5 billion seen a year earlier thanks to its acquisition of Countrywide.
At the same time, home equity loan originations slipped to just $5.3 billion from $7 billion a quarter earlier and $19.3 billion a year ago.
Total mortgage production for 2008 Read more