Higher Costs Pinch Nonbank Mortgage Lenders
Associated Press, May 5, 2016
Soaring expenses are squeezing profits for nonbank lenders, which have grown to almost half of the mortgage market, as new rules and stepped-up regulatory scrutiny slice into already-thin margins. The average cost to originate a home loan jumped by 18 percent in the past two years, according to Mortgage Bankers Association data.
