More Earnings Interpretations - What do they Bode for 2013? Lender and Training Updates

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Posted To: Pipeline Press

The vast majority of people always need money, and always wants loans - of varying rates and from various sources. So does prohibiting banks from doing business with Payday lenders really help the consumer? Several senators seem to think so . (Others believe, as I do, that the flow of capital, like water, will eventually flow around blocks like this, but will just become more expensive to the end consumer.) Last week the mortgage biz saw plenty of earnings news from well-known lenders and investors. As the commentary discussed Wells Fargo's numbers earlier this week, what do some of them tell us about the mortgage side of things? For example, Bank of America and Citigroup both released their fourth-quarter earnings Thursday, revealing the scars their legacy mortgage issues have left. BofA reported...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/01192013-payday-loans-bank-earnings.aspx

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