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Will Street Capital Make a Comeback? – Mortgage Rates. – · The question remains for brokers, what will change-if anything-if Street finds a new owner (majority owner or otherwise). If it gets a strong capital partner that’s dedicated to the broker channel it could easily turn the ship around. Either way, we suspect it won’t be long before an announcement is made.
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Street Capital Axes its Trailer Model – Mortgage Rates. – · A trailer fee is a commission that a lender pays to a mortgage broker when his or her client renews with that lender. It’s basically an incentive for brokers to keep their clients with the lender after the mortgage matures. But trailers haven’t worked out as hoped for Street Capital, the broker channel’s third-largest lender brand by market share.
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