Metrocities Latest to Exit Mortgage Wholesale 

Metrocities Mortgage LLC, a national lender with a large presence in so-called “white-label originations,” said Wednesday in an email to brokers that it has decided to exit third-party originations. “Based on current market conditions, Prospect Mortgage / Metrocities Mortgage, LLC, has elected to exit the Wholesale lending space,” a letter to brokers read. “Today’s ratesheet will be the last ratesheet we publish.” Calls to Metrocities officials for comment and verification of the email’s contents were not immediately returned.