Real Estate Marketing Insider Comments on Banks not Passing Profits onto Consumers

The Real Estate Marketing Index comments on the two largest mortgage lenders in America, JPMorgan Chase and Wells Fargo, reporting landslide profits this year from home loans, but saying that they wouldn’t lower interest rates on new loans for consumers. Chicago, IL (PRWEB) October 19, 2012 REMI released its opinion of JPMorgan Chase and Wells Fargo’s decision to not translate their recent profits from home loans into lower interest rates for their customers, saying it could harm home prices by keeping consumers unwilling or unable to take on new loans. On Friday, on the Washington Post
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