It’s a rough time to be a small mortgage firm. The companies are cutting staff, shutting down and trying to sell themselves. It’s yet another sign of increasing pressure on the housing market due to rising interest rates and the maturation of a long economic expansion, according to the Wall Street Journal. The number of nonbank mortgage lenders dropped by around 3.5 percent halfway through 2018 when compared to the end of 2017, and mortgage-loan-originators […]
source https://therealdeal.com/2018/11/23/small-mortgage-firms-are-fighting-for-survival/
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