Bank of America completed a $2.1 billion bulk sale of nonperforming home loans in the second quarter, and is almost done with such dispositions, said Chief Financial Officer Bruce Thompson.

"We got one more sale to wrap up this quarter," Thompson said Wednesday morning on a conference call to discuss B of A's second-quarter results. "But beyond that one transfer this quarter, we are largely at the end of servicing sales."

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry