> The thesis is that mortgages are not primarily a service a bank provides to a homeowner. This is completely true, when viewed from that angle. But if we loo

> The thesis is that mortgages are not primarily a service a bank provides to a homeowner. This is completely true, when viewed from that angle. But if we look at it from that angle, this is just a restatement of capitalism. Every for-profit business has the goal to obtain a profit stream. Whatever service or product they provide is just the "trick" to make that happen. I put trick in quotes because if it is a useful service or product then it is useful to the purchaser, even if the ultimate motivation for the company was to make money. But that's not a bad thing, it's a win-win. The issuer makes money, someone gets something of value to them (being able to buy a property in this case).