Home / Tag Archives: Bank of America (page 33)

Tag Archives: Bank of America

Bank of America Earns $3.1 Billion in Second Quarter

Bank of America Corporation reported second-quarter 2010 net income of $3.1 billion on Friday. That follows a $3.2 billion profit during the first quarter of this year. According to the company's earnings report, results were driven by lower credit costs, which improved for the fourth straight quarter. However mortgage banking income declined. Nonperforming loans, leases, and foreclosed properties were $35.7 billion, and BofA said it bolstered loss reserves for its consumer real estate portfolios, amid continued stress in the housing market.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.