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How the 55% plunge in mortgage originations is hitting nonbanks: Fitch

Por: MarketWatch Business October 12, 2022

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“Smaller players such as real-estate tech startup Reali and Sprout Mortgage have shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy,” a Fitch team led by Shampa Bhattacharya, director for non-bank financial institutions, wrote . “LoanDepot exited the wholesale channel, with plans to sell its $1 billion pipeline and to refocus on consumer/retail channels.” Here’s a closer look at how the roughly 55% drop in... + full article



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