Demise of the desk-fee dinosaurs

Roadmap to Recovery: Robert Hahn Q&A

Assuming for the sake of the answer that it will be 2011 before the industry recovers, and that things might get worse before they get better, I see significant change for the entire industry.

For one thing, mortgage lending of tomorrow may look like student loans of today: private lenders in theory, but all-but-nationalized in reality.