Mortgage brokers – that category of financial specialist with access to a wide-range of loan products – are being pushed to the sidelines as more banks refuse to let them originate their loans, says this report in the New York Times.
Bad as the image is of big banks now, the reputations of mortgage brokers have suffered more in the eyes of many consumers and lawmakers. This comes as tens of thousands of brokers have left the business, says The New York Times.
