From HW Magazine
Taking off the rose-colored glasses
5 reasons why the mortgage business is looking at a rough road ahead
A storm is coming, and this one has nothing to do with home prices, underwater borrowers, cash-only investors driving real estate purchases, or a massive set of borrower defaults. It has to do with mortgage volume, and while many in the industry know that times are tougher right now than they were a year ago, few seem to expect those tough times to continue unabated for the foreseeable future.