In Deal, Bank of America Extends Retreat From Mortgages

See on Scoop.itOther Atlanta News Events


The problems at Bank of America have cut down its mortgage ambitions; it accounts for 4 percent of the nation’s mortgage market, a slide from just over 20 percent in 2009, ceding market dominance to Wells Fargo and JPMorgan Chase.


Thom Abbott‘s insight:

This IS important stuff for potential home buyers to watch! If the availability of WHERE you can get a mortgage decreases, certainly the COST of getting the mortgage will go up….I think it’s called Supply and Demand. Not to mention, lenders could become even MORE selective in giving loans! Moral to the story….BUY NOW!


See on dealbook.nytimes.com

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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