Bank of America is down 1.5 percent, after reporting a loss in the fourth quarter because of rising costs tied to home loans.

美国银行股价下跌1.5%，该银行公布第四季度出现亏损，主要是因为于房屋抵押贷款相关的成本持续增长。

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There have been worries in the financial markets that Bank of America could be seriously damaged by losses in its home loans business.

金融市场担忧美国银行由于房产贷款业务的损失将会遭遇严重挫败。

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Personal tax returns, business tax returns and financial statements are considered in establishing the overall viability of a borrower, says Franco Terango, senior vice president and divisional executive at Bank of America Home Loans.

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He accuses Countrywide Financial, which Bank of America bought in 2008, of selling thousands of toxic home loans to Fannie Mae and Freddie Mac.

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Bank of America has been cutting down on its Home Loans business with the recent decision to exit the wholesale lending and reverse mortgage businesses as well as the decision to sell Balboa Insurance.

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