Mortgage Bankers to Talk About Changing Industry

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021586-mortgage-bankers-to-talk-about-changing-i/

By Aleksandrs Rozens, Associated Press

With interest rates rising and “For Sale” signs lingering on lawns around the country, the mortgage banking business is undergoing an unwelcome transformation.

“Real estate is about to turn into a real business and not a free ride,” said Stephen La Due, president of Affiliated Mortgage, a Wauwatosa Wis.-based mortgage broker.

How the mortgage industry handles that change — which follows a four-year boom — is expected to dominate the agenda at the Mortgage Bankers Association’s annual convention this week in Orlando, Fla.

For this complete story, please visit Mortgage Bankers to Talk About Changing Industry.

Mortgage Bankers to Talk About Changing Industry

Unknown Author

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