Lenders can manage through current uncertainty by knowing what they don't know and partnering with others to help control the risk of changes yet to come. The best word to describe the state of the mortgage industry since 2008 is paralysis. Paralysis may be an odd word to describe an industry that has spent the past three years scrambling to keep borrowers in homes, complying with new regulations and finding the liquidity to keep offering loans. However, these actions have primarily been in response to events happening to the industry. When it comes to moving forward, however, the mortgage industry has been paralyzed by fear of the unknown. This fear and uncertainty has cost the industry trillions of dollars. In response to the issues that kick-started the industry's problems, legislators and agencies have spent the past few years completely revamping the regulatory framework that governs the mortgage industry.