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Could big banks be exiting the mortgage space?

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Mortgage Professional America | 15 Feb 2016, 07:00 AM Agree 0
The steady decline in mortgage originations at big banks is leading some analysts to predict that the institutions may exit the space altogether
  • | | 15 Feb 2016, 02:31 PM Agree 0
    A little scary that this is happening. But could be huge opportunity for those left standing.
  • Sbharkness | | 15 Feb 2016, 03:46 PM Agree 0
    Let em go! Wells Fargo, Bank of America, and a handful of the other mega-banks that truthfully need to be broken up by Congress and should of been in 2008 had the big banks not had their people in the key Congressional positions to save their behinds. America is angry with the mega-banks and rightfully so. They need to get just as angry with their Masters at the Federal Reserve that is nothing Federal and everything about controlling the United States and the world through other Central Banks buy inflating and deflating the economies. These Central Banks are owned by many of the same private individuals. If one digs far enough and deep enough behind the walls of secrecy created by corporations they will discovery that they recognize many of the names starting with an English family named Rothschild. Yes, American monetary policy is controlled by citizens of a foreign country. Other names would be Rockefeller, Morgan, Mellon, and all the old money names that have controlled us the little people for the past 200 years. Did you know that Rothschild's are not permitted to even marry outside their family? It had to be to a 1st or 2nd Cousin to keep the wealth and the power to control the wealth in a nice tight little inter related group of incestuous bastards
  • Gramma | | 17 Feb 2016, 09:05 AM Agree 0
    Actually the Rothschilds are from German Jews, not from England. And its should HAVE not should of.
  • | | 19 Feb 2016, 12:18 PM Agree 0
    How much of this is them knowing that this is another Fed induced super bubble that's about to pop again? Who honestly thinks that these banks would simply walk away from their bread and butter business since the 80's if they were able to make money off the MBS CDO casino? They're getting out because the model is broken. If they could make money off the MBS market their lobbyists would be tearing down the doors of politicians trying to get Fannie and Freddie to go private again. Of course that will NEVER EVER happen because if they went private their books would have to be opened up and the American public would see how much they were ripped off. Eight years after the bottom fell out, Every few months some politician or pundit comes out and brags how the government made money on TARP. Meanwhile, they either conveniently or ignorantly, neglect to mention the back door that Fannie and Freddie provided for banksters to dump all their garbage onto, leaving taxpayers on the hook, while cleaning their own balance sheets. That's precisely why on Christmas Eve 2009, congress conveniently removed the $400B credit limit cap provided by the Treasury department so the bilking could quietly reach trillions of dollars.
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