MSN MoneyCentral - A massive expansion of lending by the Federal Home Loan Banks allowed banks taking housing-related assets on balance sheet to obtain cash against this collateral. Mr Paulson is focusing his efforts on selling the other deal he brokered - to freeze the ... In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.
