Lenders May Have To Scale Back To Survive

By SCOTT KIMBLER Since early 2022 officials at the Federal Reserve have been raising interest rates as a means of combatting inflation but the trickle-down effect is making life hard for the lending industry. More specifically for non-bank lenders. This is according to financial experts and industry observers such as Dr. Rohan Ganduri of Emory University’s Goizueta Business School. Ganduri says there are really only two types of lenders, bank and non-bank lenders. In the current mortgage climate the smaller, non-bank lenders have a landscape that is changing rapidly and not in the favor of those employed by such lenders, he told The Mortgage Note. “A non-bank lender differs from a bank lender in several ways,” says Ganduri. “The biggest…