Relevant:
- BofA to Shutter Correspondent Lending Unit After Auction Fails
- New GMAC Correspondent Unit to Focus on Community Banks
- Bank of America may wind down correspondent lending if sale fails
- Correspondent Lending Thaws at Citi
- Former Subprime CEOÂ Hired by Growing Firm - Amy Brandt tapped to oversee expansion
2011-09-01 — bloomberg.com
""We intend to sell the correspondent-mortgage lending division or, if a suitable deal is not identified, we will consider other options," including winding down the business, Dan Frahm, a company spokesman, said in an e-mail today"
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