JP Morgan, for instance, will now accept loan applications only from its retail branches. This is the same firm that sold investors a triple-leveraged deal in Walt Noel’s operations and then pulled its own money out when it figured out the Ponzi going on but didn’t warn its clients. Its claim that it won’t deal with brokers because it can better serve its customers in house rigs just a bit hollow. Good mortgage brokers could shop 5-10 different lenders and come up with the lowest rate and their presence in the market place kept the banks competitive. If borrowers must now make separate applications at each bank, paying a separate fee at each, the only winner will be the fine people at institutions like JP Morgan. Fortunately, we know how honorable and trustworthy they’ve proved themselves to be, but do we know that about every lender?