In the Midwest, we have a saying about the weather, "If you don't like it, just wait - it will change any minute." Today, mortgage bankers are enjoying the industry's fair climate, but change is also imminent. As we approach a new century, what are the market conditions for which the mortgage banker must prepare?

In 1998, we experienced record origination volumes fueled by refinancing demands and strong housing markets in most regions. It is estimated that the industry originated $1.4 trillion in mortgages and reached record employment numbers.

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