As people near the end of 2009, many uncertainties remain. A number of factors that impact the mortgage industry are still up in the air. Now seems like the right time to take another look into the collective future and see what it holds for the megalenders, the small to medium niche players and startups that offer new perspectives on the marketplace. As the industry recalibrates and learns from recent events, one wonders when and from where the new crop of successful mortgage bankers will emerge. Presented is a primer that could be used by the industry to foster a new crop of independent mortgage banking companies.