montanna: Bank of America to Exit Retail Mortgage Lending in Six States - 10/07/11 05:33 AM
Yesterday, Bank of America, the 3rd largest retail mortgage lender in the country, announced its decision to exit retail mortgage lending in six states.  Citing low mortgage volume, Bank of America will exit retail mortgage lending in the six states of Alabama, Alaska, Montana, Nebraska, Wisconsin, and Wyoming.
National Mortgage News confirmed the announcement with a Bank of America representative.  The bank said that it will continue to serve customers in those six states with its online and telesales divisions.   
Bank of America's retail exit comes only days after the company announced that it will soon close its correspondent mortgage lending division.  The company ranks as the 2nd … (11 comments)