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PLUS: Too Big To Fail 2023, Mainstream Fintech Brands
Hey Basis Pointers, JPMorgan CEO Jamie Dimon surely rekindled the 'Too Big To Fail' bank debate today, saying: 'I don't even know what that means anymore.'

Let the outrage flow. Or read this post to check your argument against big banks. It's worth careful thought. Big banks are critical systemic safety partners to regulators. This post asks key questions on this topic.

Speaking of big finance, our analysis shows Mr. Cooper just tied with Wells Fargo as America's top mortgage servicer, with a $937 billion portfolio after buying Homepoint.

Congrats to Mr. Cooper. This piece also covers how Sagent is the fintech powering this nearly $1 trillion in mortgage servicing. Mr. Cooper has 20% Sagent equity and 2 board seats to help deliver on the final frontier of mortgage innovation.

Haven't heard of Sagent? It's deals like this that help fintech brands go mainstream, which JD Power reports is happening more lately.

Have a great day, and I'm curious: what's your take on how big is too big for banks or mortgage servicers?

Julian

JPMorgan CEO Dimon: I don't know what too big to fail means anymore

JPMorgan CEO Jamie Dimon - I don't know what Too Big To Fail Means Anymore - Bloomberg - via The Basis Point
Watch: JPMorgan Chase CEO Jamie Dimon Bloomberg interview on why 'we need healthy big banks', regional bank health, regulatory outlook, debt ceiling
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Does Mr. Cooper's Homepoint deal make it America's largest mortgage servicer with $937b portfolio?

Mr. Cooper Homepoint deal adds $84 billion and 301k customers to Mr. Cooper's $853k and 4.1m
customer portfolio, making it America's largest servicer - The Basis Point
After buying $84b in Homepoint servicing, Mr. Cooper will have 4.4m customers and a $937b servicing portfolio, making it top-ranked.
/ Read More

2023 JD Power consumer lending study shows fintech brands starting to go mainstream

Consumer loans borrowers can get in minutes are helping fintech brands gain brand equity vs. incumbent bank peers, per latest JD Power stats
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