Small- to medium-sized residential lenders are finding a home in today’s merger-and-acquisition market, but larger transactions are facing long odds with private equity investors sitting on the side-lines. At least that’s the view this week from a handful of advisors interviewed by Inside Mortgage Finance.
With loan production waning and profit margins thinning, investment bankers and warehouse ex-ecutives far and wide have been expecting a tsunami of mortgage-related mergers and acquisitions to sweep the industry. If there’s a big wave, it’s still out at sea.