2009-02-12 — cnn.com
Some big banks have cut back on doing business with mortgage brokers - and if the trend continues, many mortgage brokers could close down.
That may be bad news for consumers because fewer brokers could lead to a less competitive marketplace and more expensive home loans resulting from consumers not being able to easily comparison-shop rates.
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mortgagemess at 01:55 2009-02-13 said:
Brokers are their own worst enemies...blogs are still full of comments on ways around guidelines and the system ...do they not think that the banks are not reading them? Instead of banding together to fix their image all they are doing is circling around for the bread crumbs.good luck thinking you will be around for forever...I am sure the horse and buggie driver thought the same when he saw the first car Permalinkbdc63 at 04:52 2009-02-13 said:
"banks cutting out mortgage brokers" 'bout freakin time. but honestly, what consumer in his right mind would even consider going to a mortgage broker after this mess? Permalinkadd a comment | go to forum thread
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