More residential loans were originated last year at Bank of America Corp. than in the prior year. A quarterly improvement was also made by the home lender.
Prior to income taxes, BofA earned $6.1 billion company wide during the three months ended Dec. 31, 2016. Earnings fell from the third quarter’s $7.3 billion.
The Charlotte, North Carolina-based company disclosed the results along with other operational and financial metrics in its fourth-quarter 2016 earnings report.
Source: Mortgage Daily