This year, big banks are making fewer mortgage loans than they did last year, and some of the former “major players” in the industry are moving away from mortgage loan origination rather than trying to resolve the problems they face. This represents a big opportunity for investors, but only if you understand the risks and rewards of getting into the lending side of real estate.
In mid-July, three major players in the banking industry, Wells Fargo, Citigroup, and JPMorgan Chase, all reported their financial results for the second quarter of 2017. For all three banks, mortgages were “not a significant driver of revenue.”
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