BOA Mortgage concerns - Fox29 WFLX TV, West Palm Beach, FL-news & weather

BOA Mortgage concerns

(WFLX) - Mortgage woes weigh heavily on Bank of America.

The country's largest bank is reporting a $1.6 billion loss because of rising costs tied to home loans.

A year earlier, Bank of America had a loss of more than $5 billion.

Bank officials are asking investors to hang on saying the worst is behind the company.

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