Latest from the blog
- The implications of rising home mortgage demand
Continuing from the previous post… Countrywide Financial Corp., now under Bank of America Corp., and Wells Fargo were the leaders in 2006. Last year, Bank of America stopped buying loans from banks after it suffered losses amounting to billions of dollars due to its exposure to home loans, resulting in a reduction in its volume … Read More
Latest Blog Post on 24th October
- Banks on recruitment drive owing to rise in home mortgage demand
Continuing from the previous post… JP Morgan has increased the number of loan officers by 23% over the last year, and is expected to continue hiring. The good news for the bank in this regard is that home mortgage applications are also increasing with the passage of time. However, this also means that banks are … Read More
Latest Blog Post on 22nd October
- Rising home mortgage demand brings about action time for US banks (contd.)
Banks that are still focusing on the home mortgage sector have been hiring aggressively, but the fact of the matter is that after the 2007-2009 home mortgage crisis, the number of banks that are still committed to the cause, so to speak, has drastically reduced, probably owing to the fear factor, since the aforementioned crisis … Read More
Latest Blog Post on 21st October
