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Article: Under Wall Street ownership: a growing number of Wall Street investment banks and other active issuers of mortgage-backed securities are becoming direct owners of mortgage originators. Is this a lasting trend?(Industry Trends)
- Article from:
- Mortgage Banking
- Article date:
- December 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Is Wall Street taking over the mortgage origination business? A glance at this year's mortgage industry headlines could leave one with that impression. [??] A slew of deals involving Wall Street investment-banking firms buying mortgage originators has some wondering just how deeply Wall Street will delve into the mortgage origination business, and whether or not the trend will last. [??] The deals are all part of a move by Wall Street investment firms and big banks to vertically integrate their mortgage securitization operations. Virtually all of the purchases by Wall Street have been of either alternative-A or nonprime mortgage originators. Having ready access to those ...
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