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If you’re staying here in Manhattan, space is at a premium. I don’t recall the last time my room had a bathroom where one could turn the shower on, flush the toilet, and brush their teeth in the sink, all for a nightly tariff that would more than cover the monthly rent in many places around the world. Although this conference is about all things capital markets, like screaming buybacks from the Agencies, especially Freddie Mac, the primary markets are also a source of conversation. “Good originators don’t always make good branch managers.” “Many LOs have high emotional IQs, so it is very difficult for them to let an LOA or processor go. If LOs were doing 20 loans a month, an LOA makes sense, but when they’re doing five?” “Forget volume: A roughly 67 percent drop in units in two years… How are lenders handling that?” Stay tuned for more topics from the hallways at the National Secondary! (Today’s podcast

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