Lack of Housing Inventory Leads To Mortgage Origination Performance Woes
In recent times, it has become harder for originators to find inventory to help push their lending business and it is translating to some pretty dismal performance statistics. According to Jeff Babcock of STRATMOR, there is much pessimism surrounding performance numbers for mortgage origination in 2017.
There seems to be little to no growth from 2016 with performances dipping by anywhere between 10-20 percent. Rob Chrisman, who reported the stagnation, also revealed that Fannie Mae believes the housing market is struggling due to affordability, as well as political uncertainty, particularly in conjunction with the Republican administration.
To learn more about the current mortgage origination performance struggles in 2017, click on the image above.
