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At the forefront of that charge is a group of high-level industry professionals that has moved back and forth between the public and private sectors since the housing crisis in 2008. Is a conflict of interest brewing?

As the cost of housing continues to rapidly rise, consumers can hardly keep up, especially as their income remains stagnant. However, despite the lowering consumer financial sentiment, economic conditions lift the housing market upward.

Kal Raman has resigned his position as President and CEO of Xome Holdings, LLC, and its subsidiaries, according to an 8K filing by Xome's parent company, Nationstar Mortgage Holdings, with the Securities and Exchange Commission (SEC). Xome and its subsidiaries are wholly-owned subsidiaries of Lewisville, Texas-based Nationstar Mortgage Holdings. Raman originally joined Nationstar Mortgage as the CEO of another one of its subsidiaries, Solutionstar, in November 2014.

The Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule have been in effect since October 3, 2015, and despite the expected stumbles here and there, the rule has not caused any major catastrophes in the mortgage industry—just yet.

The mortgage industry is practically holding their breath as 2015 comes to a close and 2016 is just a few weeks away, and with it may come a number of welcome and unwelcome surprises, causing pessimism and uncertainty to invade the market.

"This decline in repeat borrowers is strongest along the U.S. coasts, where the housing crisis diminished borrowers’ abilities to retain or gain equity in their current homes, reducing their likelihood of selling their existing homes and purchasing new ones," the report stated.

"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions

Freddie Mac’s total mortgage portfolio expanded for the ninth straight month and for the 14th time in the last 16 months in October 2015, according to the Enterprise’s October 2015 Monthly Volume Summary released on Thursday.

Auction.com' reported that existing home sales gains have not seen much activity since May, and are expected to be mostly unchanged from October to November.

According to Zillow's Negative Equity Report, nearly one million homeowners were able to come out of negative equity in the third quarter, allowing them to sell or refinance their homes prior to the expected interest rate hike later this month.