Quantcast

Outsiders Seek the Mortgage Banking ‘Trade’

DEC 5, 2012 12:27pm ET
Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

As the year draws down some lenders are starting to wonder about the year ahead and few I’ve talked to feel sick about 2013. In short, they like their chances. Small nonbanks, of course, are concerned about higher net worth minimums coming out of the GSEs but so far there’s been more smoke than fire. Hedge funds and PE firms continue to analyze the industry, looking for a way to make a buck off mortgages. And yes there’s increasing interest from nontraditional players who realize that yes, mortgage servicing, rights are dirt cheap. MSRs may be a bargain compared to historic levels, but these outsiders don’t know how to get in on “the trade.” Or do they?

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn
Already a subscriber? Log in here
Please note you must now log in with your email address and password.