Discussion on Wintrust Mortgage Corp - Wholesale

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 216716

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

Dud? Joined: 21 Oct 2010 Posts: 2

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.

Posted: Mon Nov 01, 2010 7:05 pm

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