Despite the uptick in rates, warehouse providers appear to be happy (for now) and, like their nonbank clients, most expect the competition to suffer and not them.
Given the fact that rates have moved noticeably higher since the election, it’s widely anticipated that more originators will move to trim staff before yearend if they haven’t already.
Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.