Banks finally want to originate mortgages again

A lot of banks took a long hard look at mortgage origination after the financial crisis and decided they want to clean their hands of the industry that fueled America’s collapse.

Andrea Riquier explained in an article in MarketWatch that banks were “scarred by the crisis and the new regulations put in place since then,” creating the question “why put up with all the uncertainty and risk involved with mortgages, which have always been a low-margin business?”

Read on.

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