E747: Lenders who diversify product offerings more likely to survive market fallout & lender consolidation

What this episode covers

[Housing Wire] Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers, or failures in the wake of the double whammy of still-rising inflation and interest rates. One asset group company is focusing on working with nonbank originators to offer additional asset classes such as HELOCs, second-liens, or reverse mortgages... Other Stories: * Nutter Home Loans gives details on shutdown and lawsuit * AARP: Sooner than later it’s time to talk about housing needs late in life

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