Nonbanks no longer have to pay all cash for servicing rights in the secondary market. Reason: Commercial banks have returned to the sector as financiers.
Asked whether the administration would acquiesce on the changes, CHLA Director Scott Olson — a former denizen of Capitol Hill — said he’s “somewhere between hopeful and confident.”
One veteran warehouse executive could be headed to the front lines of the M&A battle. Meanwhile, the Juneteenth holiday scuttled loan closings, but was the damage all that bad?