Fairway, one of the top mortgage originators in the United States, has made a significant decision to cease operations in its wholesale channel and shift its focus solely towards the retail sector. As the nation’s ninth-largest mortgage lender, this move carries substantial weight and is likely to have a ripple effect in the industry. The decision reflects the changing landscape of the mortgage industry and the growing importance of the retail market.
Key Points:
– Fairway, the ninth-largest mortgage originator in the US, has revealed plans to close its wholesale channel and concentrate solely on retail operations.
– The move indicates a shift in the industry, highlighting the increasing significance of the retail market.
– With a reputation as a major player in the mortgage lending space, Fairway’s decision is expected to influence other industry participants.
– The evolving landscape of the mortgage industry is likely driving this strategic pivot, as lenders adapt to changing consumer preferences and market dynamics.
You can read this full article at: https://www.housingwire.com/articles/fairway-shuts-down-wholesale-channel/(subscription required)
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