by Brad Finkelstein, National Mortgage News | May 17, 2023
It’s been a rocky road for many in wholesale mortgage lending, with many negative headlines about the segment lately, largely due to the economics within the segment.
Among the most recent high profile exits, the third-largest player in this channel, publicly traded Home Point Capital, decided to sell its business to a smaller, privately held firm, The Loan Store.
Meanwhile, Impac Mortgage Holdings shut down wholesale altogether and elected to move to the other side of the table as a mortgage broker.
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