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Big banks are the worst places for mortgages and refinances Image Credit: woodleywonderworks / Flickr Do you know that it’s a rip to get a mortgage or refinance from a giant monster mega-bank?
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Foreclosure Fail: Study Pins Blame on Big Banks A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks.
Home lending surged at most large and regional banks in the second quarter, with home purchases overtaking refinances as the housing rebound gained even more solid footing. "The second quarter was a big quarter for everybody," said Simon Tahan, director of mortgage banking at the $23.6 billion-asset Webster Financial in Waterbury, Conn.
Funny video about the big banks, must watch. Big banks only offer their own products, have little flexibility to serve their clients and don’t have as many choices as Us, an Independent Direct Mortgage Lender.
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