During the last decade, mortgage originators have been taken on a roller-coaster ride. Prior to the crisis, they couldn’t underwrite enough mortgages and, in many cases, went too far by handing out home loans to people who had no hopes of paying them back.
This came to a screeching halt when the credit markets froze in 2008-2009, and origination volumes plummeted. And while the overall market has since been on an uneven path to recovery, it will be years, if not decades, before we see volumes akin to the frenzy between 2003 and 2005.
