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MortgageNewsDaily: TPO, Cap. Mkts. Products; Upcoming Events and Training; Apps Plummet

Happy 420 Day. (Tomorrow, by the way, is Happy Surprise Drug Test Day.) …Here in Atlanta, in the MBA and STRATMOR Peer Group Roundtable meetings, much of the conversation revolves around bank and non-bank lending. Banks and credit unions are interested in shifting to HELOCs, construction lending issues, and more portfolio lending due to excess cash and deposits, all the while trying to keep trained staff on board. For independent mortgage bankers, the attention is on reducing costs, adjusting staff levels, and how to work preapprovals and enable cash buyers. Indeed, IMBs need to hunker down to outlast their competitors.

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