The Big Banks Don’t Want To Approve Your Mortgage

Since 2011, the five largest U.S. banks have drastically reduced their mortgage originations. The five largest, Wells Fargo, JP Morgan Chase, Bank of America, U.S. Bancorp & Citigroup have reduced their approved mortgages by 50%. The withdrawal of the “BIG 5” from the mortgage business is a result of the fundamental shift in regulations [...]