Bleak news from Boston

The prospect of regulatory change dominated discussion at the Mortgage Bankers Association annual convention last month. Meanwhile, industry leaders said recovery in the mortgage markets could take until the end of next year. Dippy Singh reports

Mortgage loan production in the US will decline by nearly a fifth (18%) next year to $1.9 trillion, the Mortgage Bankers Association (MBA) warned during its annual convention in October.

Lenders from across the US attended the convention in Boston to discuss the current turbulent market and how the latest developments will affect the industry in the coming years.

The audience was told to brace itself for changes in regulation. Fraud, an increase in buybacks and the importance of FHA loans (federal

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