Largest Lenders Control Mortgage Industry. Time to Engage Community Bankers

"The government initiated HAMP program has failed to address loan modifications effectively and short-sales have failed to efficiently mitigate housing's losses.

These two outcomes have played out for the same reason: Four major banks control over 75% of the nations mortgage servicing. The GSE’s failure too can be linked to Fannie and Freddie controlling over 70% of the nations mortgage-backed securities market during their hay day. Too much control in the hands of the few has ultimately ended in chaos."