Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations

Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.

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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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