Here are the 14 most outrageously expensive neighborhoods for renters

Here are the 14 most outrageously expensive neighborhoods for renters

Markets where you'll spend more than half your income on living

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S

Do home buyers need mortgage brokers?

/ Print / Reprints /
| Share More
/ Text Size+
On Tuesday, Bank of America Corp. exited the wholesale mortgage lending business, limiting its dealings with mortgage brokers to focus on loans made directly to consumers and community banks. Some fear the move will leave fewer options for home buyers as they shop for the most competitive mortgage rates. Essentially, BofA’s decision means that Wells Fargo & Co. is the only major bank that’s willing to buy loans from mortgage brokers. Last year, JP Morgan Chase & Co. said it would no longer purchase loans originated by brokers, noting in an internal memo that loans originated by Chase professionals are less likely to default.

Recent Articles by Jason Philyaw

Comments powered by Disqus