Bank of America (BAC) is regaining its foothold in home loans after shrinking its business, according to an article in Bloomberg.

The mega bank's cut of mortgage market dropped below 4% after it shut a business that bought loans marketed by third-party firms, the article explained. 

"We’ve been building that back up and expect to be in the 5 percent area as we exit the second quarter and look to continue to grow from that," Bank of America Chief Financial Officer Bruce Thompson said. "That share gain is coming on getting what we believe is our fair share back."