The real estate finance industry will become increasingly consolidated even as integrated financial services companies take advantage of convergence to sell a wider range of financial products to their customers, an industry think tank says in a new report. The report, which attempts to analyze the forces that will drive change in the real estate finance industry over the next 10 years, also predicts that recent immigrants will make up a larger share of borrowers, and that entitlement programs like Medicare, Medicaid and Social Security could make capital scarce. The Council to Shape Change, an independent group of 19 real estate finance industry leaders created by the Mortgage Bankers Association, issued the report, "Outlook for the Real Estate Finance Industry," which is available for...
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