Banks' mortgage-related fee income will remain challenged in 2023 as the lending segment continues to face headwinds, but the challenging environment also presents M&A and talent acquisition opportunities for banks to bulk up ahead of the next up-cycle, according to industry experts. But the current low valuations for nonbank mortgage originators present an M&A opportunity for banks willing to take on the risk, Performance Trust Capital Partners managing director Will Brackett said in an interview.
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S&P GLOBAL MARKET INTELLIGENCE: 'Brutal' mortgage industry presents challenges, opportunities for banks in 2023
December 30, 2022