Do Mortgages Still Have Earnings Potential?
American Banker, Feb. 2, 2016–Parson, Richard J.
Kudos to John Kanas and BankUnited for throwing in the towel and ceasing to originate retail mortgages. The savvy decision recognizes the dilemma retail mortgage lending creates for most bank CEOs: originating and holding these loans pumps up earnings but not shareholder value.
