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Credit Union, UW, TPO Products; Report on Lending Trends; FHA and VA News; Sprout's Demise

Many youngsters don’t know the “Shave and a haircut? Two bits!” knock, or musical notes. Some things are timeless, like British Prime Ministers coming and going, and like what happens to certain lenders and investors when rates go up and credit spreads widen out. And we were reminded, in the cases of FHA, VA, Fannie, and Freddie, why some level of government interaction is good as “Sprout is out” was making the rounds yesterday. Sprout, which made a name for itself in non-Agency TPO activity in correspondent, wholesale, and retail channels, shut down. Unfortunately, it is not the first, won’t be the last. In this case, Sprout President Shea Pallante held a companywide phone call. (Word has it that Sprout’s entire correspondent team was let go and moved over to Oaktree Funding Corp. Those impacted can always post their resume for free here, and anyone can view them for several months for a nominal fee.) One industry vet wrote to me saying

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Which west Michigan businesses were named 'Best and Brightest' to work for?

Several businesses from Mason to Benzie to Wexford counties have been recognized as “West Michigan’s Best and Brightest Companies to Work For.”

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NABR names West Michigan's best and brightest companies - Grand Rapids Business Journal

The National Association for Business Resources (NABR) next month will honor its 2022 class of West Michigan businesses with the best human resources practices.

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Lake Michigan Credit Union Review: Great Rates and Low Monthly Fees

Lake Michigan Credit Union offers a variety of products of services with competitive rates. Plus, if you don't qualify otherwise, the credit union makes it easy for anyone to join by paying a $5 membership fee.

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Dinosauria Returning To The Detroit Zoo In 2022

One of the most fun and interactive pre-historic experiences that has been a major part of the Detroit Zoo for years is coming back for 2022, as Dinosuaria stampedes its way back to Southfield, from May 28th until September 5th.

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