mortgage lending

HousingWire staffer Brena Swanson explores whether this week's news that BankUnited will exit retail home mortgage lending will accelerate a new trend out of retail mortgage loans in the industry?

Swanson notes that earlier, Ditech Financial exited its distributed retail lending channel, citing unfavorable market shifts ahead. Swanson quotes a Miami Herald article:

One industry source familiar with the bank said BankUnited had bet big on expanding its residential lending business last year but couldn’t generate enough volume because of compliance costs and slowing Latin American investment in Miami.

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