Banking's next gift: End of 30-year mortgages?

It's complicated, but there are reasons that banks would want to end granting 30-year mortgages, a popular option for many home-buying Americans. You'll have to read through this entire article to get the picture.

Comments

Leave a comment
  • I guess (1) I'm not going to log in, and (2) as far as I can tell, banks have gotten out of the mortgage business already, in that most of the paper is still being sold to Freddie and Fannie.

    Of course, banks have also gotten out of the business of paying interest. They think that they can sell securities to me, but I tell them that I'm with Fidelity. Now, if Ned Johnson could come up with a new message other than long term, diversify, and dollar cost average, but I guess he's too old.

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Visit my new website

    I'm a freelance writer, editor and author. I can help you with a wide variety of projects. Check out my new website at www.dennisbyrne.net

  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Categories

  • Like me on Facebook

  • Our National Debt

  • Twitter

  • Tags

  • Recent Comments

  • /Users/dennisby/Desktop/trailer.mp4
  • Latest on ChicagoNow

  • Advertisement: