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Robert McLister is one of Canada’s best-known mortgage experts, a mortgage columnist for The Globe and Mail, and Founder of mortgage broker intelliMortgage Inc., RateSpy.com, a website comparing Canada’s best mortgage rates and the reverse mortgage advisory firm, Seniors Equity.
Foreclosure Fail: Study Pins Blame on Big Banks A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks.
Big banks are the worst places for mortgages and refinances Image Credit: woodleywonderworks / Flickr Do you know that it’s a rip to get a mortgage or refinance from a giant monster mega-bank?
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Get Out of Big Banks NOW! The next big bank failure will not be resolved with a government Bail-Out. It will be resolved by a depositor Bail-In. It’s now legal for a big bank to confiscate your money . Randy Langel Randy.Langel@gmail.com September 2013
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Big banks are leaving the building when it comes to the mortgage market: In 2007 commercial banks made 74 percent of all mortgages versus half today. big investors and hedge funds have largely left the building when it comes to investing in residential real estate.
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Home lending surged at most large and regional banks in the second quarter, with home purchases overtaking refinances as the housing rebound gained even more solid footing. "The second quarter was a big quarter for everybody," said Simon Tahan, director of mortgage banking at the $23.6 billion-asset Webster Financial in Waterbury, Conn.