Early reporters of fourth-quarter results are giving the mortgage industry a glimpse of what’s to come for everyone else: weak or negative origination growth. Message: The party can’t last forever.
It’s not easy to bring multi-state enforcement actions, yet regulators from 44 states signed consent orders with 441 loan officers who lied about having completed required annual continuing education courses.
The mortgage industry has resigned itself to no administrative end to the Fannie and Freddie conservatorships. It’s still unclear what happens to the GSEs’ capital requirements.