The year 2016 has brought a strong degree of uncertainty and turmoil to the mortgage industry. Issues spurred by regulation led to the demise of W.J. Bradley Mortgage Capital. The presidential race raised questions regarding the candidates' impact on the housing market and financial regulation. A referendum in support of a British exit from the European Union triggered near record-low interest rates here in the United States. And all the while, an affordability crisis mounted nationwide as home price gains outpaced increases in household income.
As the industry descends on Boston for its annual convention, questions bubble to the surface regarding the challenges of the past year, and those that lie ahead. In asking these questions, trends begin to emerge that shape the hurdles the industry has yet to overcome.