Surge in mortgage-sector mergers 

The mortgage industry has consolidated over the years and more consolidation is ahead as rising interest rates trigger a shrinking refinance business that forces out some companies, especially those that aren't diversified. Even so, the industry will still be fairly fragmented.

The reason for the consolidation is simple: More companies will decide it's time to sell after the refinancing business drops off, said Vicki Wagner, credit analyst at Standard and Poors.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.