Bank of America funded $58.4 billion of home mortgages in the first quarter, a 33% decline compared to the fourth quarter, and a further sign that the megabank — like many others — is suffering from a weak home buying market.

Overall, the nation's largest servicer of home mortgages posted a company-wide profit of $2 billion in the first quarter, but its earnings were dragged down by a $2.4 billion loss in its consumer real estate services division.

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