The financial crisis combined with the rising Federal interest rates have resulted in a significant slowdown in the business prospects for mortgage lending. Both new mortgage originations and refinances have dried up. Dwindling Number Of Mortgage Originations In The US (Source) Large reputed lenders like JP Morgan Chase and Wells Fargo have been forced to cut down their costs. The challenges for the medium or smaller players in the industry are even higher. Unfortunately, the demand side scenario also appears unlikely to change, as the Fed is expected to continue raising interest rates......

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