Citibank, Wells Fargo, Bank of America (loans, foreclosure, financing, loan)

[mrxalleycat]

Are banks vicious organizations since they collect high mortgage payments monthly from homeowners and they foreclosure on people that do not make the required mortgage payments?

[MikeJaquish]

No.

[Jkgourmet]

No. But if you believe that, you must be one 'great' employee for the bank you work for.

Applying to a company's competitor

Skills Needed to work in the Corporate Banking Industry

Originally Posted by mrxalleycat

My industry is within the financial services/banking. That is a very broad industry in within itself.

[jaynarie]

Lolololol.

Mortgages are among the cheapest loans out there. No one forces anyone to get one. And avoiding foreclosure is very easy- pay your bills!

[jribe]

LOL no, not at all.

would you be okay working for free?

[Moonlady]

I have a mortgage with Wells Fargo, and as much bad rap as they have gotten, I can honestly say they are the best mortgage provider I've had and I've had quite a few. Their customer service has been really helpful several times when I needed it.

The last time I checked, getting a mortgage was optional and based on the home value, so I'm not sure how they would collect "high" mortgage payments unless you agreed to it and yes, if you don't pay your mortgage, they will repossess the asset they are financing, otherwise known as foreclosure.

I'm guessing your question was sarcastic and or rhetorical though so I'm not sure why I'm bothering to answer.