Bookmark this site
Please watch this video to understand what banks are doing with mortgages and in the commercial real estate market. There is a saying in the banking industry that they call a “rolling loan.” Hence, a rolling loan gathers no loss. What they are doing is kicking the mortgage can down the road in order to show some earnings on the banks books now and report losses later.
Essentially, the banks are legally manipulating their books and loses to how they see fit. It is not personal, it is business and homeowners may be getting the shaft in this banking business plan. It is like the game monopoly, but with real people, houses, foreclosures and lives being moved like pieces on a board for the greater good of our economy. And of course, the banks books…..
Please read more and join the discussion right here
