"Loan Administration, Check Cashing & Other Services in the US" - New Market Report
Safe as houses: This industry is highly cyclical with the US economy and is positively correlated to home prices, home starts and GDP but negatively correlated with interest rates. The industry's revenue moves in step with loan originations, of which mortgages are the largest component. In 2012, increasing home demand, low rates and a thawing credit market all will increase mortgage originations, thus driving industry revenue.
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