With the plummeting home prices, people are back in the buying mode. The only problem is that the mortgage lenders are not prepared. The volume of buyers is too much for lenders to handle as many people are taking advantage of this once-in-a-lifetime opportunity of low mortgage rates and falling home prices. According to a Bloomberg News article, “…. applications industry-wide are at a five-year high, more than mortgage companies can handle after waves of staff reductions.”