Lenders will continue to face pressure from housing inventory shortages and rising home prices and interest rates that have put a damper on volume. Servicers will continue to feel their own pains, as compliance costs continue to weigh heavily on their operations.
And as the President Trump enters his second year in office, industry observers will be paying close attention to how his administration pursues a variety of objectives, including deregulation, housing finance reform and the future of the Consumer Financial Protection Bureau. And the midterm Congressional elections coming up in November will add another wrinkle to consider next year.
From origination to servicing and everything in between, here’s a look at what’s in store for the mortgage industry in 2018.
See also: 10 top mortgage stories of 2017