Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations

Navigating the Challenges of Originating in a Volatile Market
Explore the challenges and strategies for mortgage originators in a volatile market, focusing on interest rates, risk management, and technological advancements.

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Friday, Nov 24 2023

Written by The Mortgage Leader

Citizens Bank has told broker partners that it is shuttering its wholesale mortgage lending channel. So reports Investing.com.

Citizens The Providence, Rhode Island-based bank cited high interest rates and tough competition.

Citizens currently ranks as the 28th biggest U.S. mortgage lender.

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