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Yesterday we broke the news that Bank of America will exit six states in retail lending: Alabama, Alaska, Montana, Nebraska, Wisconsin, and Wyoming. But wait a second, aren't some of these states among the best performing in terms of home prices? The answer is yes. According to new figures released by CoreLogic, Alaska, Wyoming, and North Dakota saw positive price appreciation in August compared to July. So, why is B of A exiting these states? Answer: Because loan volumes are too low for it to bother…
Posted by Lehel Szucs on October 7th, 2011 9:35 AMPost a Comment (0)
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