Small Banks being excluded in Mortgage Loans

Small US Banks are being squeezed in the US housing mortgage loans market.

Small Banks being excluded in Mortgage Loans

Official report – quote  –  Sen. Richard Shelby, the Alabama Republican who is the ranking member on the Senate Banking Committee, raised concerns at a hearing on access to the secondary market for small financial institutions that “mortgage lending is concentrated in just a few banks.”

But the irony is that 99 percent of the time politicians are impotent and no one takes any notice on what they say! Here is another government statement – quote – ‘Equal access to the secondary mortgage market is necessary to curb further bank concentration of the industry’

‘The US Housing market is on the floor looking down and out!’

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