Mortgage Specialists Pessimistic about the Industry

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Over half of mortgage industry professionals (59%) said that business conditions were worse in September 2014 compared to the same month of 2013. This is revealed in the first Mortgage Industry Outlook Report prepared by Collingwood Group. The report analyzes data from a survey, which was conducted by the DC-based advisory firm in September.

The majority of mortgage specialists (41%) believe that business conditions will remain the same in the next six months. The share of those who think that conditions will worsen is 29%. Only 30% of the specialists believe that conditions will improve in the course of the next half year.

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Only 2% of professionals in the mortgage and housing industry believe that it is highly likely for the housing market to improve in the next six months. The majority of specialists have grim outlook for their business.
According to the report, the main cause of the slowdown in the mortgage industry is the increase in government regulations. Most of the surveyed mortgage and housing professionals, 78%, said that the greater regulations have had some negative impact on their business. For 19% of the specialists, the faster pace of the regulations has had extremely adverse impact on their business. Only 9% said that their business was little affected or not affected at all by the actions of the government.

The report indicated that the introduction of the origination of servicing rules by the Consumer Financial Protection Bureau has exposed mortgage lenders to various new risks associated with compliance. The higher level of enforcement activities on the part of the federal government and the state and local governments have made the situation for lenders even more challenging.

The increased regulations have also had negative impact on consumer demand for home loans. This poses another major risk for mortgage lenders in the United States.



Mailynne serves as a content strategist and writer for She is ahighly task-oriented strategic planner and experienced writer. Over the past 10 years, Mailynne has managedcontent for both large corporations, non-profits and businesses. She specializes in managing digital marketing,branding and web development content. Mailynne has worked with a variety of local, national and international organizations.


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