Mortgage M&A Looms as Soaring Costs Pinch U.S. Nonbank Lenders
Bloomberg, May 4, 2016–Gopal, Prashant; Perlberg, Heather
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.
