Warehouses are Exiting the Mortgage Space
Many warehouse lenders exited the space this year, including Silvergate, Wells Fargo, Fifth Third, First Republic, Comerica, and Webster.
Originators in joint ventures and affiliate relationships are trending in mortgage. Clients/prospects ask us, “Is that something you can handle?" Not only can we handle it - we were BUILT for it.
Many warehouse lenders exited the space this year, including Silvergate, Wells Fargo, Fifth Third, First Republic, Comerica, and Webster.
Warehouse expense is often one of the largest expenses on an IMB’s P&L. The MBA’s Chief Economist recently reported the typical lender lost $1972 per...
Mortgage lenders spent the last two years transitioning away from Libor. All new mortgage-backed securities issued by Fannie Mae® and Freddie Mac...