In the third quarter of 2024, Bank of America (BofA) saw a decline in mortgage production, despite a drop in interest rates that benefited competitors like Wells Fargo, JPMorgan Chase and Citi. 

BofA announced on Tuesday that it posted $5.3 billion in first-lien mortgage volume from July to September, a 7% decline from the $5.7 billion recorded in the previous quarter and a 4% decrease compared to its $5.5 billion total in Q3 2023. In second-quarter 2024, the bank’s mortgage origination volume details ⇒

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