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Issue:

Business

 

Written by:

Amal M

 

Date added:

March 30, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 534

 

Was viewed:

9827 times

 

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Essay content:

In The Wall Street Journal Online, Susan M. Wachter, a finance and real estate professor at the University of Pennsylvania’s Wharton School says, “Bank of America stepping in right now is a very good thing for the market because it signals confidence in an eventual revival of the housing and mortgage markets from what appears to be the worst slump since the Great Depression...
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Small lenders and brokers have been on a steady decline over the past year because there has been much less business, and because they cannot sell the loans that they originate because the banks do not want to take the risk. At the beginning of the decade, Americans were refinancing at a very fast pace with small broker and small lenders getting rich in the process...
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