do banks make money on mortgages?, page-4

  1. MasseyFerguson
    10,843 Posts.
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    25/10/12
    22:46
    Post #: 10913174
    They used to make money on mortgages but not anymore. Because ages ago upon repossession the foreclosure price was that of the mortgage. Now though, the foreclosure price is about 55% of the mortgage.
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