Competition for Correspondent Originations Taking its Toll on Lenders, Large Nonbanks Look to Servicing
May 10, 2018
Margins in the correspondent channel took a hit in the first quarter, according to officials at a number of large lenders. Some nonbanks with significant servicing portfolios are expecting profits to shift to the servicing segment as interest rates increase.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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