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A 'shakeout' among mortgage lenders is coming, according to CEO of bank that left the business

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cnbc.com

In this article Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve's interest rate hikes.

Some firms will be forced to exit the industry entirely as refinance activity dries up, according to Tim Wennes, CEO of the U.S.

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