Mortgage Executives Say Market Conditions Remain Far From Ideal, Outlook is Cloudy
October 15, 2009
Despite strong first-half loan production volume and attractive profit margins, mortgage banking executives say continuing economic challenges and looming regulatory uncertainty leave the glass no better than half full. On a scale of one to 10, Barbara Desoer, president of Bank of America Home Loans, gives the market a five. “Clearly there are some green shoots,” she said during a...