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