Notary Bulletin Mortgage Crisis Caused Shift in Public Opinion By NNA Staff on November 15, 2012 in Mortgage Finance & Economic News The “robo-signing” scandal, along with the resulting housing market crisis, caused a decline in public opinion towards the mortgage and banking industries. A recent survey by ID Analytics revealed that most of the blame for the 2008 economic disaster, and subsequent slow recovery, has been directed at the mortgage industry and the banks that packaged sub-standard loans and sold them to investors. While the survey indicated that 27 percent of respondents felt that homeowners themselves were “definitely” responsible, a resounding 80 percent believed that the mortgage industry was either “definitely or “somewhat” responsible. Respondents also felt that Wall Street investment banks, regulators, and the federal government share some of the fault. The results of the survey showed that: 79 percent of the respondents held mortgage brokers responsible 78 percent felt that Wall Street investment banks were definitely or very responsible 76 percent blamed the problem on regulators And another 76 percent blamed the federal government Email Share Leave a Comment Required * Name * Email *(for verfication purposes only) Comment * Enter the text shown in this image *(text is case sensitive)All comments are reviewed and if approved, will display.