Nationwide Closes Correspondent; DEVAL Opens Retail; The Fed and Rates

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Posted To: Pipeline Press

Thank you to the California MBA who sponsored a tour yesterday of the Tesla Factory – the building has the 2nd largest footprint in the world (behind the flower auction house in the Netherlands). The engineering & technology on the assembly line was far ahead what a simple capital markets guy like me can understand. Builders are certainly keen on using technology, in this case virtual reality, to sell new homes. Here is something for LOs to pass along to their builder clients: The benefits of virtual reality systems go beyond the sales center, but are they worth the cost? Here is a story on using VR to sell houses . Channel Changes Isn’t the first, won’t be the last. “Effective immediately , Nationwide Bank is exiting the Correspondent Lending business” for “strategic reasons.” Locks…(read more)

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