mortgage loan interest rate surge is making Wall Street billions while Main Street drowns in debt.
Behind the headlines of a cooling market, a staggering $2.3 trillion in hidden fees and back-end payments has flowed to major banks over the last year—directly tied to your mortgage loan interest rate. Analysts are now questioning if the Federal Reserve's policies are designed to protect homeowners or to pad the pockets of executives who profit from volatility. As families face record foreclosures, the question remains: who profits when you can't afford your home?