TITLE

Transitioning out of Transition

AUTHOR(S)
Newman, William A.
PUB. DATE
January 2005
SOURCE
Mortgage Banking;Jan2005, Vol. 65 Issue 4, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that for most of the last four years in the U.S. the mortgage business has been the apple of the economy's eye. While things have been real good for a real long time, there is no question that 2004 was a transition year. As in past cycles, a number of trends emerged in response to the start of the inevitable industry downturn. If the start of the 21st century can be characterized as the era of the mortgage originator, there is no question that 2004 was the year of the subprime mortgage originator. Although subprime lending has been growing for a number of years, as the prime business has fallen off subprime has become the engine of growth for many mortgage bankers.
ACCESSION #
15783608

 

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