Fracking Boom Creates Mortgage Headaches for Banks

frackingstorm

The natural gas extraction method of fracking has many critics—mostly among environmentalists. But banks in the Eastern U.S. have recently sprung up as opponents too.

Banks that lent mortgages to homeowners that then sell their property rights to energy companies find themselves in a tricky situation. In the video below, the editors of American Banker discuss how some banks are dealing with these issues.

Visit EcoWatch’s FRACKING page for more related news on this topic.

topnewsbanner1

Leave a Reply