Susan Wachter, a real estate and finance professor at the Wharton School of the University of Pennsylvania, said it must be the industry’s new mantra.

Marina Walsh, vice president of industry analysis at the trade group, said she expects the mortgage industry to experience “a little more pain."

The MBA, NAHB and NAR want the Fed to announce it’s done raising interest rates and that it won’t sell MBS holdings until there’s some stability in the housing market. The request could fall on deaf ears.

Uncertainty over the future of interest rates is hampering the housing market, according to economists.

Industry trade associations and consumer groups have expressed support for proposed rules on how servicers must engage with delinquent FHA borrowers.

The stage is set for some potential buyers to be priced out, which would reduce demand and the upward pressure on prices, according to data analytics firm Attom.

Stakeholders claim the plan to expand the suspended counterparty program is too broad and FHFA has failed to justify the expansion.

If the federal government shuts down starting Oct. 1, the mortgage market will largely carry on, but with some complications.

The VA loss-mitigation service program will more likely be launched next year, Michelle Corridon, deputy director of policy at VA, said during a recent MBA conference.

A new white paper from the Mortgage Bankers Association underscores the financial advantages of originators and servicers that focus on loans with a higher average loan balance.