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• larry looper 2018-10-22 3:06:27 PM got that one right, 4-6 will survive and buy out assets they want for pennies on the dollar from the defunct companes. The survivors eventually be will most likely taken out by pension funds or huge conglomerates. the other survivors will be small craft operations in local or regional settings , just like beer and wine today, their impact on the overall market will likely be minimal

• HF 2018-10-22 5:22:33 AM Good luck to you as well. Before you get licensed as an agent though, a brokerage has to hire you. At least that's what I understand. That was my other concern in my original post. Is this something I should disclose to a potential employer, and if so, is it going to be a big issue (given the nature of this work)? What are your thoughts on this? I knew a little about how the FSCO handles this issue and your comment above supports it. Their site has some vague information about situations that could be problematic, one of them being a bankruptcy. From what I understand, so long as the bankruptcy doesn't reveal anything dodgy the application is considered further. The other concern is basically getting hired. If anyone else wants to chime in too, that would be welcome.

• Michael Lloyd 2018-10-19 4:11:17 PM I have to disagree with your response here David. I think small brokerages are much more likely to take on more risk when it comes to new Brokers being added to their teams. We know it is getting tougher to meet each lender's volume requirements for smaller houses, but larger brokerages don't need to bring on those types of individuals to hit those targets. You also miss the bigger play here...lenders are more responsive to volume, they always have been and always will be, so the bigger houses get their best underwriters and best chance at getting the deal approved and closed. Quality will win out, but that doesn't mean staying small guarantees quality.

• Chris 2018-10-19 1:18:26 PM Amen Wane, Amen

• Wane Davis 2018-10-19 11:29:35 AM As it has often been said, but can always be repeated...the market share the broker channel should be after is the banks market share, not eating consolidation which is basically like eating its own young.