Relevant:
- Fed Helps Lenders' Profit More Than Homebuyers:Mortgages
- Bond Investors See Obama Win Fueling Refi Risk: Mortgages
- Biggest Banks Back to Black in Fed-Fueled Recovery: Mortgages
- U.S. higher home loan limits should expire: FHA
- Obama Will Make Taxpayers Guarantee Mortgages Without Checking Borrowers' Incomes or Employment
2012-10-11 — bloomberg.com
The figures show the degree to which U.S. lenders have become dependent on revenue from mortgages to cushion weakness in other lending and investment-banking businesses. The banks are benefiting as President Barack Obama's administration targets housing in an effort to stimulate the economy. They're earning more on each home loan they sell as Federal Reserve purchases of mortgage debt widen profit margins.
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