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Regulatory challenges and an expected drop in demand haven’t turned mortgage executives from their plans of growing their businesses in the coming year, according to results from a recent survey. In a review of its November survey of senior mortgage executives, Fannie Mae found that though respondents are concerned about compliance issues and weak borrower demand, most are still optimistic about the year ahead, particularly when it comes to their growth plans.
In fact, the company found, 88 percent of lenders surveyed are looking to grow their origination business, and 70 percent said they intend to expand their servicing. Only four percent said they plan to downsize their servicing business, and none expect to dial down their origination operations.
Black Knight Financial Services reported Monday that its Home Price Index rose one-tenth of a percent month-over-month in November to a value of 241 thousand dollars. Black Knight's HPI is the third measure of November home prices to come out in the last week. On Thursday, the Federal Housing Finance Agency released its own index, which showed a monthly gain of 0.8 percent. The same day, FNC Inc. put out its Residential Price Index, which was unchanged from October to November.
