Mortgage Market Consolidation Could Force Wall Street into Showdown with ‘Gorillas’
Wall Street securitizers will soon be facing tough competition for origination volume from the fewer but larger mortgage companies left standing in a post-consolidation mortgage market. In its 2006 outlook for the mortgage industry, Booz Allen Hamilton, a global strategy and technology consulting firm, said that the ongoing consolidation in the mortgage market will leave only mega-players that will likely force Wall Street to compete more aggressively for loan volume. …