One more indicator that the Housing Market is on a shaky foundation: Banks are now Losing Money on mortgages. In a new report from the Mortgage Bankers Association (MBA) released this week, it’s said that independent mortgage banks and subsidiaries of chartered banks had record low profits throughout 2022. In fact, financial institutions lost an average of $301 […]

The post Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on Mortgages first appeared on FORECLOSURE FRAUD.