How Banks Make Money From Home Loans

11 Responses

1. Larry, on March 5, 2013 at 1:45 PM said:

   Banks

   In a low interest environment like today, some banks may actually make little or no money on checking and savings accounts.

   That’s why they push all the related junk fees, and have done away with the freebees, etc.

   Larry

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2. A Banker, on March 18, 2013 at 8:41 PM said:

   What is a jumbo loan?

   A jumbo mortgage certainly isn’t your conventional home loan. It’s bigger.

   http://realestate.msn.com/what-is-a-jumbo-loan

   Find out who qualifies.

   A Banker

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3. Joseph, on March 19, 2013 at 3:29 AM said:

   Banks will make less and less from home loans

   “There is a power shift from banks to customers, who are demanding choices and more transparency into the mortgage application process. This shift makes it nearly impossible for lenders to sustain differentiation based solely on price or product.”

   Tom Mataconis
   Vice President
   Carlisle & Gallagher

   Any thoughts?

   Joseph

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4. Dr. David Edward Marcinko MBA, on May 9, 2013 at 8:11 PM said:

   Hedging Mortgages

   John Paulson rose to fame after he made $15 billion for his firm in 2007 by betting against subprime mortgages before the housing collapse.

   Since then, however, he has struggled to duplicate that success, and several of his portfolios have lagged in recent years.

   Dr. David Edward Marcinko MBA

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5. Joseph, on July 17, 2013 at 4:51 PM said:

   Finally, Bank Regulators Have Had Enough?

   For the first time since the financial crisis, the banks are losing some battles on tougher regulation.

   http://www.propublica.org/thetrade/item/finally-bank-regulators-have-had-enough

   Joseph

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6. Larry, on October 31, 2013 at 7:37 PM said:

   Your Guide to the Latest Efforts to Hold Big Banks Accountable

   It’s been an expensive few months for JPMorgan Chase and its fellow financial institutions.

   http://www.propublica.org/special/your-guide-to-the-latest-efforts-to-hold-big-banks-accountable?utm_source=et&utm_medium=email&utm_campaign=dailynewsletter

   Here’s a recap of the most recent settlements, suits and investigations.

   Larry

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7. Dr. Humphrey, on November 20, 2013 at 1:54 AM said:

   JPMorgan and Feds reach $13B deal on mortgage bonds

   JPMorgan Chase & Co. has agreed to pay $13 billion in a landmark settlement and acknowledged that it misled investors about the quality of risky mortgage-backed securities ahead of the 2008 financial crisis.

   http://money.msn.com/business-news/article.aspx?feed=AP&date=20131119&id=17121948

   Dr. Humphrey

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8. Gregory, on March 2, 2014 at 7:51 PM said:

   MANY TYPES OF BANKS?

   Definition of Credit Unions

   A credit union is a member-owned financial co-operative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Many credit unions also provide services intended to support community development or sustainable development on local levels.

   Definition of Retail Banking

   A retail bank is a typical small mass-market financial institution in which individual customers use local branches; usually of of larger commercial banks. Services offered include savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).

   Definition of Commercial Bank

   A financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. The traditional commercial bank is a brick and mortar institution with tellers, safe deposit boxes, vaults and ATMs. However, some commercial banks do not have any physical branches and require consumers to complete all transactions by phone or Internet. In exchange, they generally pay higher interest rates on investments and deposits, and charge lower fees.

   Definition of Investment Bank

   Investment banking activities are different than those of retail and commercial banking and include underwriting securities, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients.

   Gregory

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9. Morton, on September 11, 2014 at 2:12 AM said:

   Are you kidding me with new banking rules?

   This important sector is once again a short if the government doesn’t realize it’s playing too big a role in the business of America.

   http://money.msn.com/top-stocks/post–are-you-kidding-me-with-new-banking-rules

   Morton

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10. Spencer, on September 29, 2014 at 1:54 PM said:

    Lloyds dismisses 8 workers in rate-fixing scandal
    

    The Lloyds Banking Group has just dismissed eight members of staff following a scandal linked to the manipulation of a key global interest rate.

    http://money.msn.com/business-news/article.aspx?feed=AP&date=20140929&id=17967914

    Spencer

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11. Mark, on October 13, 2015 at 11:31 PM said:

    How banks make money – on you – elsewhere, too!

    I spent nearly 15 years in banking, and here are my 10 best pieces of advice about money.

    http://www.msn.com/en-us/money/personalfinance/i-spent-nearly-15-years-in-banking-and-here-are-my-10-best-pieces-of-advice-about-money/ar-AAf09aE?li=AAa0dzB&ocid=U348DHP#page=11

    via Mark

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