"We're not doing the job we need to do on mortgages yet," says Bank of America (BAC) CEO...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

"We're not doing the job we need to do on mortgages yet," says Bank of America (BAC) CEO Moynihan, speaking at a Goldman Sachs conference. Having exited the business of buying loans from others, BofA is dependent on originating its own, and Moynihan says the bank is doing what it can to keep up with the high volume. (presentation)