Big Banks’ Mortgage Operations Lose Cash-Cow Status on New Rules
A pedestrian passes in front of a bank in the financial district of Toronto, Ontario, Canada. (Photographer: Brent Lewin/Bloomberg)

Big Banks’ Mortgage Operations Lose Cash-Cow Status on New Rules

(Bloomberg) -- For the biggest U.S. banks, a mortgage refinancing boom once would’ve meant a dependable stream of profits that could swing a quarter. Those days appear to be over.
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