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Article: Smart Capital.(mortgage banking industry review and trends)
- Article from:
- Mortgage Banking
- Article date:
- October 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 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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Private equity funding has been a catalyst for change at significant turning points in the mortgage business. Today it is working to fund business models that may be tomorrow's success stories. A review of recent history charts the hits and misses of some private investors in the business.
A LOOK BACK OVER THE LAST DECADE REVEALS A DISTINCT CONNECTION BETWEEN PRIVATE EQUITY funding, mortgage banking growth and industry innovation. While private equity funding is seen as fundamentally opportunistic, it has provided the industry with well-timed investments, leading to real value creation. Repeatedly, private equity investors' tolerance for risk has moved the ...