``Bank of America this week announced it is severely cutting back sales of loans to Fannie Mae. The move is part of Bank of America's (BAC) ongoing efforts to undo the damage of its ill-fated acquisition of Countrywide Financial in 2008, but could have broader implications if other big banks follow suit... The practical implications of this decision is it will be harder for consumers to get a home loan from Bank of America, which has already stopped buying loans from third-party mortgage lenders. ''

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