I found this on www.housingwire.com.
Bank of America?s overall first mortgage funded production increased 27 percent in the third quarter of 2007 when compared with the same period last year. Driving that overall increase was a 60 percent spike in funded mortgage originations through banking centers and a 26 percent increase in funded originations by mortgage loan officers.
So why do you think that is? My take on it? All of the stress and bad press that the mortgage world is receiving is pushing people toward the "perceived" safety of the "big" banks......
Share This
Read...Related Headlines
- Unemployment Home Loans, Are They A Real Alternative To Loan Modificationsposted 115 weeks ago on Blown Mortgage
- Loan Modifications And Balloon Payments What Is The Costposted 134 weeks ago on Blown Mortgage
- Despite Loan Modifications, Foreclosures Will Continue To Rise Through 2010posted 130 weeks ago on Blown Mortgage
- Loan Modifications Short Guide To Success Part 2 ? The Guideposted 128 weeks ago on Blown Mortgage
- Loan Modifications: Three Mistakes That Will Cost Youposted 141 weeks ago on Blown Mortgage
- Refinancing: What Should You Know Before Applying for Loan Modification?s Rich Cousinposted 113 weeks ago on Blown Mortgage
- Loan Modifications Take Back Seat Due To Unemploymentposted 129 weeks ago on Blown Mortgage
- Loan Modifications, lies, scams and misinformationposted 143 weeks ago on Blown Mortgage
- Loan Modification Alternatives: Short Sale Your Homeposted 130 weeks ago on Blown Mortgage
- Loan Modifications Update: The Spin and the Truthposted 113 weeks ago on Blown Mortgage