Morning Scan: Big Banks' Effort to Seize Mortgage Business from...

New York Times

Big banks have been working behind the scenes, and making considerable progress, in taking over the home loan market from Fannie Mae and Freddie Mac, Gretchen Morgenson writes in the Times. The effort has been led by a group of professionals who have walked the revolving door between the private sector and public sector; including Michael Berman, a consultant to real estate lenders and David Stevens, head of the Mortgage Bankers Association. ...