Money In shocking reversal, mortgages proved poor investment for banks that lost money on home loans April 13, 2023April 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on In shocking reversal, mortgages proved poor investment for banks that lost money on home loans Loan volumes in 2022 were 50% down compared with 2021. Meanwhile, producing a loan got more expensive.