Consolidation and Possible Market Shock Expected to Reshape Mortgage Industry
August 10, 2006
In the next 10 years, the mortgage industry will continue to consolidate, squeezing out mid-sized players, and servicing will be increasingly important, according to a Mortgage Bankers Association task force formed to see into the future. A new report from the MBA’s Council to Shape Change suggests that a few major players will dominate the mortgage industry even further, squeezing midsized institutions out of the business through acquisitions. The group of 19 experts...