Generation Gap: Looking Back over the Past Three Decades, Just About Everything has Changed in the World of Mortgage Lending. It's Not Your Father's Mortgage Business Anymore (Cover Report: Industry Trends) (Cover Story‪)‬

Thirty years was a lifetime ago. Some people reading this article weren't even born, and others were still living at home--their parents' home. Ronald Reagan was just a former governor of California, the Cold War still had us facing off against the Soviet Union, gas was about 35 cents a gallon and Chairman Mao was still alive in China. Yes, things were vastly different 30 years ago in the worlds of politics and world affairs, but what about in the world of mortgage banking? Was it that different? Was it the kind of business you might have been attracted to? Was it as difficult as it is today? To come up with some answers, I picked six specific areas to look at. And in each of these areas, I found the answer is that it was a different kind of business--dramatically different. Channels