Banks Skimming Mortgage Profits

The government may be making loud noises about how it wants to bring down home mortgage rates to help consumers. But the biggest beneficiaries of the government largess have been the banks -- not borrowers, according to a report in the Wall Street Journal.

Backed by cushy government programs, banks have boosted their profits margins on mortgage loans. But don't expect them to pass on the savings, even as mortgage rates inch higher.