In the age of rising operating costs and falling profit margins, getting more people into the credit system can do wonders to your mortgage business. The unbanked and underbanked households have for long been a treasure trove, which financial institutions have never really bothered to tap into. In today’s trying times, looking for and making roping in customers who do…
mortgage lending
In recent months, the world’s biggest bank according to market value posted a profit that outpaces analyst estimates, but the same bank also puts aside 91 percent more money to help cover bad loans when compared with the same period in the year before. Wells Fargo announced that their third quarter profit that out pays an analyst estimate mostly came…
Borrowers with credit scores below 620 have struggled in recent years to access home loans in meaningful numbers, but it looks like that might be changing. More lenders are making subprime mortgages available again. According to new research from the National Consumer Credit Trends Report, the number of subprime mortgage originations increased in a big way during the first five…