BofA's (BAC) Moynihan: We're Largely Done with MSR Sales

Bank of America (NYSE: BAC) shares are hitting new highs as CEO Brian Moynihan issued comments at the Sanford C. Bernstein Strategic Decisions Conference today.

In part, Moynihan made the following points:

• BofA has 1,000 more loan officers over the same period last year; the bank is investing in the franchise;
  
  
• The bank is shy on mortgage sales and largely done with mortgage servicing rights (MSRs) sales;
  
  
• BofA is up 3,500 in 1st mortgage fulfillment;
  
  
• Mortgage apps are down "a little"; and
  
  
• Rising rates might cool the mortgage market.

BofA is up 2.7 percent on the session, just coming off annual highs.

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