Lender Consolidation Looms as Liquidity Dries Up
National Mortgage News, Mar. 28, 2018–Brad Finkelstein (subscription)
Mortgage banking is a cash-negative business and one of the few ways to make money for many companies is by selling whole loans along with the associated servicing rights to an aggregator, Stan Middleman, the president and CEO of Freedom Mortgage, said during a panel presentation at the Regional Conference of Mortgage Bankers Associations in Atlantic City, N.J.
