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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 218007

Re: Discussion on Wintrust Mortgage Corp - Wholesale
PostPosted: Sat Oct 16, 2010 12:24 am Reply with quoteBack to top

http://ml-implode.com/imploded.....10-15.html
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LegalDept
Dud?


Joined: 21 Oct 2010
Posts: 2

Re: Discussion on Wintrust Mortgage Corp - Wholesale
PostPosted: Thu Oct 21, 2010 2:34 am Reply with quoteBack to top

Wintrust has been steady over the past several years according to my sources, though I have no direct experience. Easy to see that the parent company has done just fine.

I could be wrong but I think this is not really an implosion, more of a "reg-plosion." Between Dodd-Frank and the new FRB TILA Rule on broker compensation, how can any broker expect to survive or any lender want to assume the liabiity for their business? Expect more wholesale "reg-plosions" as April 2011 draws near.
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Rock Ridge
Flash in the pan


Joined: 24 Feb 2009
Posts: 44
Location: Dallas

Discussion on Wintrust Mortgage Corp - Wholesale
PostPosted: Mon Nov 01, 2010 7:05 pm Reply with quoteBack to top

I agree. Broker options on where to send transactions and pricing will be limited.
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