Rhode Island's Citizens Bank Pulls Plug on Wholesale Originations

The Current Landscape of Mortgage Origination: Trends and Challenges
Explore current trends and challenges in the U.S. mortgage origination market, including interest rate fluctuations, digital mortgage solutions, and compliance needs.

Estimated reading time: 0 minutes, 14 seconds

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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