As a group, the largest bank mortgage lenders began reporting sagging mortgage originations in the fourth quarter, though the drop was hardly a disaster.
According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.
The Trump White House was slated to nominate mortgage banker David Kittle to head the agency but back in November he grew tired of waiting and withdrew his name from consideration.