2011-02-04 — reversemortgagedaily.com
"Bank of America told employees it’s leaving the reverse mortgage business on Friday.
The company left the “forward†wholesale business last year, but at the time, told RMD it remained committed to the reverse mortgage wholesale channel. Rumors began swirling early Friday and RMD confirmed with several people within the company that it’s leaving all channels (wholesale, correspondent, retail)."
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