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The decline, alongside lower mortgage volumes at JPMorgan and Wells Fargo, gives loan officers another signal that big banks are still under pressure in home lending.
Bank of America home loan volume fell 12% in Q3, according to a HousingWire report published October 14, 2026. The report also said JPMorgan and Wells Fargo posted lower mortgage volumes as higher rates continued to weigh on demand.
For producing loan officers, the headline is less about one bank’s quarter and more about the pattern: large depository lenders are still seeing pressure in mortgage production. That can affect competition for purchase business, borrower expectations, referral relationships, and the way local originators explain today’s lending environment.