On this week’s The Big Picture, Bill Cosgrove, President and CEO of Union Home Mortgage and co-chair of the Tampa Bay Rays, joins the show for a wide-ranging conversation on leadership, market dynamics, and building at scale. With more than 35 years in mortgage banking, Bill brings a seasoned perspective on how the industry is evolving and what it takes to stay competitive through cycles of volatility and change.

We dig into consolidation trends, the potential impact of Basel III relief and big bank re-entry into lending, and the broader role of Fannie Mae and Freddie Mac in today’s housing finance system. The conversation also explores rising costs, the growing need for technology and AI-driven efficiency, Bill’s unique path into professional sports ownership, and how that experience connects back to leadership, culture, and long-term strategy. It’s a candid, big-picture discussion on where the industry stands today and where it may be headed next.