The housing crisis is still weighing down Bank of America.
The bank said Thursday that fourth-quarter earnings and revenue shrank as it continued to work through legal and regulatory problems related to mortgages.
This time, though, there was a difference. After years of shedding undesirable parts of its mortgage business, Bank of America wants to regain some of the ground it lost in home lending. To do that, it’s moving workers from the unit that works through troubled mortgages to the business that makes new home loans.
Bank of America funded more than $22 billion in mortgage loans in the fourth quarter, up 41 percent from the year before.