BofA’s Moynihan Says U.S. Must Reset Homeownership Expectations

BofA’s Moynihan Says U.S. Must Reset Homeownership Expectations

Haruyoshi Yamaguchi/Bloomberg

Brian T. Moynihan , Bank of America Corp.’s chief executive officer, said the U.S. government, lenders and borrowers need to reset their expectation that everyone can own a home.