The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms.

It’s expected to be dark, difficult doldrums ahead, one marked by unyieldingly high mortgage rates — now hovering near 8% — and a dearth of mortgage-origination opportunities.

“We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners, said. “And it’s going to be horrible.”

Brett Ludden, managing director and co-head of the financial services team at Sterling Point Advisors, agrees, details ⇒

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