08-12-2024 "Always Crashing in the Same Car" Into The Bear Wall --------------------- The market’s going ’round and ’round the DATA garage Must have been getting close to 3.44. The struggling Dollar and Gold’s sustained bullishness point to calamity ahead. Meanwhile, Crude Oil and Bonds do not expect WW3 within the next two weeks. After the 10-year T-Note yield reached 3.67 and corrected to 4.02, expect the correction to stay under 4.18 and probably 4.08. The bulls should reach 3.44, sending mor...
Aug 18, 2024•1 min
This report analyzes recent bond market milestones, including the uninversion of the yield curve and key economic indicators, with a focus on how upcoming inflation data could influence Federal Reserve rate cut decisions. ----------------------------------------------------- Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platfor...
Aug 16, 2024•4 min
In this podcast episode, Dino Katsiametis shared insights into Ethos Mortgage Company’s innovative hybrid business model, which combines the flexibility of a mortgage broker with the control of a delegated lender. He explained the advantages of this model, such as lower costs, scalability, and the ability to choose from multiple lenders to ensure the best pricing and service for clients. Dino discussed the concept of “Mortgages Under Management” (MUM), which assigns a value to loan officers’ por...
Aug 16, 2024•37 min
This week's update discusses key trends in the mortgage industry, focusing on the importance of cybersecurity, the effectiveness of digital assistants, and the need for proactive customer service strategies. ----------------------------------------------------- Allen Pollack , Tech Consultant Allen Pollack, a Mortgage & Financial Services Technology Advisor, is a subject matter expert in the mortgage origination process along with software product management and software development. In toda...
Aug 16, 2024•7 min
Alice Alvey provides guidance on meeting the October 31st compliance deadline for the interagency Reconsideration of Value, focusing on developing and implementing necessary policies, procedures, and training. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at Union Home Mortgage She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness. Prior to UHM, ...
Aug 15, 2024•6 min
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute , and then Les Parker’s TMSpotlight , a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update , followed by David Kittle , Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative updat...
Aug 12, 2024•26 min
David Kittle emphasizes the critical role of leadership and communication in the mortgage industry, noting stable production levels and discussing potential impacts of rate cuts on refinancing and mortgage servicing rights. ----------------------------------------- David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with...
Aug 10, 2024•2 min
A calm week in the bond market with limited volatility, ongoing speculation about potential Fed rate cuts, and anticipation of key economic data releases, including GDP and PCE. ----------------------------------------------------- Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and l...
Aug 10, 2024•6 min
07-22-2024 Bulls Say "Welcome to Paradise" --------------------- Dear Powell, Can you hear Jobs whining? It's been three whole years since inflation felt your hold. Despite declining volatility, the new bullish trend remains solid. News continues to affirm that two rate cuts make long-term rates happier three. According to the BofA Global Fund Manager Survey, geopolitical conflict is the biggest tail risk at 26%, replacing inflation that fell to 22% from 36% in May. Additionally, recession risk ...
Aug 10, 2024•1 min
The Mortgage Bankers Association is urging its members to contact their Senators to support the addition of the Homebuyers Privacy Protection Act of 2024 to the Fiscal Year 2025 National Defense Authorization Act, a critical step in curbing the abusive use of trigger leads. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades of e...
Aug 10, 2024•1 min
In this podcast episode, we discuss significant changes in the real estate industry stemming from a major lawsuit involving accusations of brokerages fixing commissions. Expert Ashley Terrell-Kayiran explains the upcoming implementation of these changes, notably the removal of commission fields from MLSs by August 17th and the new requirement for buyer's agents to negotiate and articulate their fees directly with buyers. These changes aim to increase transparency and prevent steering buyers towa...
Aug 07, 2024•25 min
he Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute , and then Les Parker’s TMSpotlight , a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update , followed by David Kittle , Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update...
Aug 05, 2024•51 min
We are in a real treat today as we host Robin Clayton of PRMG, a leading figure in marketing technology, known for managing 80 tech platforms and earning accolades such as HousingWire's 2024 Marketing Leader. In this episode, Robin shares her journey from a temp job to mortgage industry leader, emphasizing the importance of raw data integrity, empathy in user experience, and the power of authentic, tailored marketing. Discover practical strategies for leveraging automation, understanding audienc...
Aug 02, 2024•30 min
Angel AI, a groundbreaking innovation from Celligence, is revolutionizing the mortgage and financial services industry with its advanced artificial intelligence capabilities. Founded on visionary thinking by Pavan Agarwal, Angel AI leverages state-of-the-art technology to offer unparalleled solutions in financial planning, credit repair, and even tax preparation. Its intuitive design and rapid learning capabilities enable it to provide personalized, real-time assistance, making financial service...
Jul 31, 2024•43 min
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute , and then Les Parker’s TMSpotlight , a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update , followed by David Kittle , Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative updat...
Jul 30, 2024•45 min
Today, we dive into the fascinating world of technology, finance, and real estate with a special guest, David Levine of Liquid Hearts Club, affectionately known as Moto. David shares his remarkable journey from pioneering online mortgage trading platforms in the late 90s to his current ventures at the intersection of real estate, finance, and blockchain technology. David and Moto discuss the evolution of the web from Web1 to Web3, the transformative power of decentralized finance (DeFi), and the...
Jul 26, 2024•47 min
Lenders One, under the leadership of Justin Demola, is a national cooperative dedicated to empowering its members—comprising independent mortgage bankers, banks, and credit unions—through innovative solutions that reduce costs and improve efficiencies. Building on the success of its credit reporting service, Lenders One has also launched L1Insurance. This initiative is designed to streamline the insurance process for members' borrowers, offering competitive quotes from a pool of 30 to 40 underwr...
Jul 24, 2024•25 min
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute , and then Les Parker’s TMSpotlight , a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update , followed by David Kittle , Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative updat...
Jul 22, 2024•55 min
Allen Pollack discusses the impact of new technology updates from Apple, challenges of app development in the mortgage industry, and the potential of AI chatbots like Claire in real estate. ----------------------------------------------------- Allen Pollack , Tech Consultant Allen Pollack, a Mortgage & Financial Services Technology Advisor, is a subject matter expert in the mortgage origination process along with software product management and software development. In today’s financial serv...
Jul 22, 2024•15 min
FHA's recent updates to the 203K Rehabilitation Program, detailed in Mortgagee Letter 24-13, include increased caps, extended rehab periods, and enhanced options for financing consultant fees, aiming to broaden homeownership opportunities and streamline project management. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at Union Home Mortgage She handles development of their World Class Training program designed to suppo...
Jul 22, 2024•4 min
Last week's bond market saw favorable movements driven by lower-than-expected CPI data, leading to increased speculations about potential Fed rate cuts, while political events had minimal impact on market reactions. ----------------------------------------------------- Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with...
Jul 21, 2024•6 min
07-15-2024 "Espresso" Brewing Liquidity Issues ------------------------ The markets movin’ in a tight range. Isn’t that sweet? Try not to sleep. Don’t you need Espresso? Some news gives you a jolt. Then you see the screen blink red and green because it's speculating about nothing. No easing, high inflation. High easing, no growth. No liquidity. High drama. Since the Bond Bulls reached 4.18 Friday, the market sees a Fed rate cut in September and December. The high octane remains brewing liquidity...
Jul 21, 2024•1 min
HUD has announced significant updates to FHA's 203k Rehabilitation Mortgage Insurance Program, increasing allowable rehab costs, extending rehab periods, and adjusting consultant fees, all of which were advocated by the MBA to address housing supply shortages. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades of experience, Ada...
Jul 21, 2024•2 min
In our latest podcast episode, Spencer Dusebout, co-founder and CEO of Aidium, shared how technology is revolutionizing the mortgage industry. Aidium's innovative business intelligence and CRM platform integrates data warehousing to consolidate information from various sources, enabling comprehensive insights and optimized decision-making. Automation enhances efficiency by handling repetitive tasks, allowing professionals to focus on client relationships. The platform's customizable content bala...
Jul 17, 2024•25 min
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute , and then Les Parker’s TMSpotlight , a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update , followed by David Kittle , Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative updat...
Jul 16, 2024•1 hr 2 min
In this episode, Dan Catinella of Total Expert joins us to discuss the highlights and key takeaways from the Total Expert Accelerate 2024 conference. We delve into the evolving landscape of mortgage technology, emphasizing the shift from information to intelligence and the critical role of AI. Dan shares insights from various impactful sessions, including strategies for driving technology adoption and the importance of storytelling in branding. We also announce the exciting launch of Total Exper...
Jul 15, 2024•35 min
Allen Pollack discusses the impact of new technology updates from Apple, challenges of app development in the mortgage industry, and the potential of AI chatbots like Claire in real estate. ----------------------------------------------------- Allen Pollack , Tech Consultant Allen Pollack, a Mortgage & Financial Services Technology Advisor, is a subject matter expert in the mortgage origination process along with software product management and software development. In today’s financial serv...
Jul 15, 2024•12 min
Alice Alvey discusses the VA's proposed rulemaking on ARMs and temporary buy downs, the implications of the Chevron deference ruling, and the bond market's reaction to recent economic data, emphasizing the importance of regulatory clarity and market dynamics. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at Union Home Mortgage She handles development of their World Class Training program designed to support UHM partner...
Jul 15, 2024•8 min
Last week, the bond market experienced volatility due to month-end and new month trading, economic data releases like ISM manufacturing and job reports, and clarified misinformation about President Biden, with a focus on upcoming CPI data to inform potential rate cuts. ----------------------------------------------------- Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born...
Jul 13, 2024•6 min
07-08-2024 Liquidity is running dry, "It’s So Lonesome it Could Cry." --------------------- Hear that lonesome Repo well. It sounds too low to fly. Last week, the implied likelihood of a September Fed rate cut rose to 73%. Over a week ago, it was 62%. Bonds cry for a “higher for longer” Fed. But the fall of the dollar and the steadfastness for gold suggest that turmoil is ahead. Recently, clogged bank balance sheets caused a spike in repo rates while reserve balances declined. Will the Fed accel...
Jul 13, 2024•1 min
