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Home » Store » News » BofA Pulls Plug on Wholesale Broker Business, Marking Industry Shift to Retail, Correspondent

BofA Pulls Plug on Wholesale Broker Business, Marking Industry Shift to Retail, Correspondent

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Bank of America, which has spent more than two years wrestling with the wholesale mortgage business it inherited from Countrywide, announced this week it was finally and completely exiting the wholesale broker channel. Although most of the country’s mega-lenders have been significantly reducing their broker business, BofA is the first...[Includes one graph]
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