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The Daily Hodl
2023-04-13 05:04:43

US Banks Losing Money on Mortgages in Historic Housing Shock: Report

US Banks Losing Money on Mortgages in Historic Housing Shock: Report

US banks are losing money on mortgages for the first time on record, according to a new research report from the Mortgage Banker’s Association (MBA). The report, which dives into the latest stats from 2022, reveals a precipitous drop in revenue for financial institutions that issue real estate loans to businesses, investors and everyday Americans. The post US Banks Losing Money on Mortgages in Historic Housing Shock: Report appeared first on The Daily Hodl .

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