Large mortgage lenders are growing increasingly pessimistic about their business and expect serious declines in mortgage loan volume and company profits, according to a recent industry study. Mortech, an independent research project on mortgage technology, presented to its sponsors the results of this year's study at the Mortgage Bankers Association Technology Conference last week in Phoenix. "Our key measure of lenders' perceptions of their business is what they expect the next 12 months to bring," said Jeff Lebowitz, founder and principal of Mortech. The "pessimism index" is at a five-year high, he added. For more than 15 years MORTECH has studied what lenders want from their technology partners. The research provides a 360-degree view of the mortgage industry with input based on...
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