General World News

Opinion: Leveling the playing field for private aggregators

The state of the mortgage industry is rife with concern as elevated rates and low inventory have stunted both refinance and origination activity. As a result, the makeup of the mortgage ecosystem is shifting.

Private correspondent aggregators play an essential role in the upkeep of a balanced mortgage ecosystem. While this term may be unfamiliar to many, a private correspondent aggregator is a fancy title for an entity that purchases mortgages and repackages the loans into mortgage-backed securities.

When we think of aggregators, often the first entities that come to mind are the GSEs, Fannie Mae and details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com