As rates feel upward pressure, fraud and misrepresentation are also on the rise
A sudden interest-rate hike in Q4 caused profits to plummet
The Federal Reserve Bank has tried a couple of different initiatives in the form of monetary policy to stimulate mortgage lending and make the process easier for borrowers in the wake of the real estate crash and mortgage meltdown of the early 21st century.
When banks shut down lending in 2008 cash was certainly king all the way through the end of 2009. The FDIC’s bank task forces were shutting down banks daily, and those who were able to step up with cash were winning in a big way.