General World News

Mortgage industry still in the middle of a storm

Residential mortgage industry analysts and executives continue to see challenges ahead. For starters, the banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. 

Even if the U.S. debt limit impasse is solved, the U.S. can face a downgrade to its long-term debt, which would bring significant consequences to the overall economy. In addition, the mortgage industry still has an overcapacity problem, which means more cuts are needed for struggling originators. 

Executives discussed these and other topics on Monday during the Mortgage Bankers Association (MBA) Secondary and details ⇒

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