A mortgage banker is a company that originates mortgage loans.
In the United States in the late 2000's, mortgage banking companies were strained to the breaking point. Too much credit extended to too many customers combined with too little creditworthiness among those customers threatened to, and eventually managed to, bring down some of America's largest mortgage bankers. These conditions primarily led to the bear market of 2008.
Related Fool Articles
Related Community Blogs
- Loan originator
- Mortgage service company
- Mortgage company
- Real estate transaction
- Subprime mortgage debacle
Recent Mentions on Fool.com
- Ellie Mae Rides the Mortgage Rebound Higher
- Why 2015 Could Be the Best Year Yet to Buy a House
- Wells Fargo & Co.'s Fourth-Quarter Earnings Prove Once Again That Boring Banking is Better Banking
- The Cost of Rent Is Higher Than Ever -- Here's Why
- What to Expect From Mortgage Rates in 2015
- Bank President Reveals How to Get Your First Home Loan Approved