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Why does a bank sell your mortgage?

Feb 6, 2024
Most are sold into the secondary market, which increases liquidity and makes it easier to get a mortgage at a lower interest rate.
Today, upward of 70% of mortgages are sold into the secondary market, typically bundled with others to create a mortgage-back security. It can be annoying, though, when your servicer changes.
Brandon Bell/Getty Images

Banks are getting a boost from PPP loans

Jun 12, 2020
The program's helping them attract new customers and bring in revenue during the downturn.
A bank branch in Los Angeles. Banks processing PPP loans are seeing new business from those customers and generating fees from the government.
Valerie Macon/AFP via Getty Images

5 things you need to know about Lehman Brothers

Sep 10, 2018
Lehman's collapse is, to this day, the largest bankruptcy filing in U.S. history.
Two employees of Christie's auction house manoeuvre the Lehman Brothers corporate logo on Sept. 24, 2010 in London, England.
Oli Scarff/Getty Images

China eases limits on foreign interests in financial firms

Dec 11, 2017
China announced new measures that will give foreign banks and investors more ownership control over their operations in the country.
U.S. President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People on November 9, 2017 in Beijing, China.
Thomas Peter-Pool/Getty Images

Would you eat lunch at the bank of the future?

Nov 13, 2017
Banks introduce experimental features like cafes and co-working space to lure millennials back to branches.
This Berlin branch of Deutsche Bank hopes its co-working space and shared courtyard will lure in potential clients.
Clare Toeniskoetter for Marketplace

JPMorgan Chase settles debit card lawsuit with former inmates

Aug 5, 2016
Pennsylvania artist Jesse Krimes, the lead plaintiff in the case, joins us to talk about fair treatment for former inmates.
Pennsylvania artist Jesse Krimes at his art show in Chelsea.
Courtesy Jesse Krimes

How a secret meeting on Jekyll Island led to the Fed

Oct 20, 2015
Author Lowenstein explains the 'patriotic conspiracy' behind the central bank.
The Jekyll Island Club.
Evangelio Gonzalez/Flickr

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A small credit union brings Hope to New Orleans

Aug 5, 2015
Its investment in low-income communities helped the area rebuild after Katrina.
Bill Bynum, the CEO of Hope Credit Union, at his office in Jackson, Mississippi.
Caitlin Esch/Marketplace

Black-owned banks are dying. Here's why it matters.

Jul 2, 2015
Spoiler alert: Racism still exists. And research shows it affects lending.

Ex-Im Bank, to reauthorize or not to reauthorize

Jun 30, 2015
The Export Import Bank’s charter expires Wednesday at midnight.