Big banks continue retreat from mortgages

quicken_loans_intBy Jon Marino | CNBC

Big banks are lending less to homebuyers, or they’re making less on loans — and sometimes, it’s a combination of both.

Some are making less on home loans, in part owed to the Fed and its years long zero interest rate policy. But the trend also coincides with a rise in nonbank lenders, like Quicken Loans, that have been gobbling up market share in mortgages in recent years.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.