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Bank of America will stop writing home mortgages through independent brokers and will focus its resources on direct lending and acquiring loans from other originators, according to an Oct. 6 story on consumeraffairs.com.

Other major lenders, including JPMorgan Chase & Co. and Citigroup, also have stopped marketing through brokers. Chase quit funding home loans through mortgage brokers in January 2009, and Citigroup began downsizing its wholesale operations in 2008, consumeraffairs.com reported.

Independent brokers have been blamed for many of the practices that created bad loans leading to the economic meltdown. Brokers accounted for about 10 percent of U.S. home lending during the first half of 2010, down from 31 percent in 2005, consumeraffairs.com reported.