Quote Originally Posted by Vagabond47 View Post
Different fee structure for wholesale. Also, what evidence is there for retail getting first pick at the loans?
I thought a loan went to one or the other and that was the end of it.
If what Joker has communicated is true (HM stating "there is now two marketplaces"). From HM own mouth, previously there was only one.

I can't see any reason they'd sidestep the truth.

Everything else fall into place from there - historical difference in RAR, court case, 4th of May T&C's we signed, the lack of volume. All a function of allocation between two marketplaces from the prior single marketplace. Wholesalers still have the ability to bid in the retail platform (retaining their liquidity function), with the fewer amount of loans its more noticeable when Wholesale chomps them up.