In the United States, real estate finance is dominated by the largest banks. Their primary function is to help investors purchase and sell real estate. It’s a great way to accumulate wealth and increase your personal wealth, as they are the largest investors in publicly traded companies. But more importantly, the mortgage loan industry is the largest and most profitable of all the banks.
For most lenders, the mortgage loan industry is the largest and most profitable of all the banks. There are about 200,000 mortgage lenders in the United States, with roughly 10 million mortgage loans outstanding. This is in the context of this country, which has a banking system that’s dominated by the national banks. The biggest of these banks, the Federal Reserve, owns the Federal Reserve System.
The Mortgage Bank of America (MBA), the second largest of the National Banks in the United States, is the lead mortgage lender in the U.S and a major player in the mortgage loan market.
This is where we can get a little bit of a history lesson. The Federal Reserve was established in 1913 and was the first central bank in the world. It was created as a response to the Great Depression, and the major banks that were created to control the banks of the banking system were given control of the Federal Reserve. This bank was the first to control the banking system, and the central bank was responsible for the creation of the American currency (the greenback).
The Fed’s primary job was to regulate the private banks. In other words, the Fed was created to save people from their own self-dealing. While this sounds good, it’s actually a little bit counterproductive. The Federal Reserve was created to regulate banks, and it was created for banks to get regulated. This is the reason that the government has been trying to bring banks under control for a very long time.
The Federal Reserve was created in 1913 to serve the needs of the banking system, and what it is meant to do is to make sure that banks are actually working for the people who are buying and selling financial products. The Fed has always had the power to take over banks, and with the recent financial collapse and the continued inability of the US to regulate banks, the Fed has been given the power to take over the banks again.
With the power of the Fed at hand, the financial crisis of 2008-09 created a perfect opportunity for the Fed to take over banks again. The Federal Reserve Act of 1913 said the Federal Reserve “shall have supervision and control over the affairs of banks and the activities of banks which are or may be controlled by them and shall exercise supervision and control over the banking system of the United States.” The Fed has taken this law very seriously, and has basically seized control of banks.
The Federal Reserve Act is still very much in force, and the fact that the Federal Reserve has the power to take over banks, and even to control them, is pretty scary. The Fed is, of course, not the only government agency that has this power. The Department of Justice, the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation also have that power.
For the last two days we’ve been bombarded with news articles about the government’s takeover of banks. It is not a very new story, but it’s still terrifying. The FDIC, the biggest of all, is now owned by the government. And the FDIC was originally created in the 1930’s during the Great Depression when banks were run by the government.
The FDIC has a mission to ensure that America’s financial system is sound and safe. But there are some who feel that the government, and the FDIC in particular, is too slow in fixing things. So they want our government to step in and take over the banks. That is why they are now in the government. And it is the reason why it is the government that currently takes control of the banks.
