It's a challenging time for banks. The housing bubble has burst. New-home sales are forecast to fall 8.7 percent in 2007 to 975,000, largely due to a reduction in construction by builders, according to the National Association of Realtors. Interest rates set by the Federal Reserve have inched up, so the housing refinance activity that drove so much customer movement over the past 10 years has dropped with it.
展开▼