BISNOW ON THE SCENE WITH MORTGAGE BANKERS
We deployed our world-spanning journalistic resources-- well, one crack reporter anyway--this week to San Diego for the Mortgage Bankers Association annual meeting, buttonholing as many finance pros as we could. MBAs Jamie Woodwell says investors are now chasing yield into secondary and tertiary markets. And underwriting is still cautious in the hinterlands. As those tertiary markets job growth recovers, so too will underwriting loosen, Jamie says.