Forty-five percent of respondents identified increased compliance burdens as the biggest threat to the housing industry over the next 12 months. An additional 32 percent cited borrower access to credit as the biggest threat, 20 percent believe the biggest threat is the current rising rate environment, and three percent cited lack of progress on GSE reform as the most severe industry threat.
- The results fall in line with other sentiments at the convention that the mortgage industry has a better handle on regulation and is ready to start innovating.
- The survey digs further into the feelings the industry still holds toward regulations even if they are ready to start looking ahead to more technology.
- Clifford stated that while the industry is slowly dipping its toes back into low-down-payment products, it’s growing.
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