New strategies to improve operational efficiencies and reduce risk
HousingWire
Few could have predicted the full impact of the mortgage industry changes the last eight years. Even many of the leading lenders and servicers have struggled to make their businesses profitable and compliant. Initial assumptions were that the economics of the housing market would normalize, the regulatory impact would require some modifications, and the higher cost of the traditional mortgage operations would be manageable.
Related: Bank of America doubles down on 3% down mortgages without insurance
