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Mortgages: Smaller Banks Smell Blood | 2007-09-01

Action Economics' Englund wrote this week that he believes we may be seeing a fundamental shift in the banking industry. This might be the end of a decades-long trend of bypassing banks in favor of more and more sophisticated financial instruments traded on credit markets. "It will take time for us to transition back to borrowing from banks and not mortgage brokers," he says in an interview.

2007-08-22

Source: Yahoo Business Week
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