Signs of Expansion in Wholesale as EverBank Exits The Channel; Broker Employment Edges Up Slightly
August 8, 2013
In the wake of EverBanks recent exit from the wholesale/broker channel, there appear to be signs of expansion in the sector with nonbanks leading the charge. But mortgage brokers shouldnt get their hopes up too much: Many of those expanding are nonbanks and none are likely to fill the void created by the megabanks Bank of America, Chase and Wells Fargo which began pulling out three years ago. I truly believe...