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...
Oct 01, 2024•51 min
In this week's report, the Fed's first non-emergency rate cut since 2019, a 50 bps reduction, sparked modest market reactions with focus on the dot plot projections and labor market data, suggesting potential further rate cuts contingent on economic trends. ----------------------------------------------------- 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...
Sep 28, 2024•5 min
9.23.24 "A Day In The Life" Of Powell ------------------- Locks up, fallout is dead. Drag new locks across the hedge. The Fed’s 50 bps rate cut signals concerns about the labor market. However, Chairman Powell downplayed the likelihood of further outsized rate cuts. Mortgage rates rose in response. The era of short-term rates being higher than long-term rates is ending. So, disinversion is flourishing. Plus, risk-on trades are roaring back. As a result, look for mortgage rates to wobble between ...
Sep 27, 2024•1 min
This week's report The Mortgage Bankers Association (MBA) announced that the Senate's manager's package for the 2025 NDAA includes the Homebuyers Privacy Protection Act, aiming to curb trigger lead abuses, with the final outcome pending negotiations between the House and Senate. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades...
Sep 27, 2024•2 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...
Sep 24, 2024•39 min
This week's report covers the 2025 increase in conventional loan limits, key insights from HMDA data on market trends, and resources for lenders to analyze mortgage application and loan data. ---------------------------------------------------- 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, Alice served as Se...
Sep 21, 2024•4 min
The week's report discusses the bond market's reaction to recent CPI data, Fed speakers' comments, and speculation about the size of an upcoming rate cut, highlighting the impact of the dot plot on market expectations ahead of the Fed's decision. ----------------------------------------------------- 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 ...
Sep 21, 2024•4 min
This week's report covers Federal Reserve Vice Chair Michael Barr's proposed revisions to the Basel 3 endgame, addressing MBA's concerns about mortgage market impact, including reduced risk weighting for single-family mortgages and relief for regional banks, with potential delays in rule implementation beyond 2025. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communicati...
Sep 20, 2024•2 min
This week's segment covers key mortgage tech trends, including ICE's transition to APIs, the growing importance of fraud prevention and compliance, and the evolving landscape of customer security in the mortgage industry. ----------------------------------------------------- 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 develo...
Sep 20, 2024•12 min
09.16.2024 "Wooden Ships" Calm Seas, Prepare for Unexpected ------------------------ Wooden Ships above the oil, barely free. Easy, Bonds know the way it’s supposed to be. Gold rose sharply above 2600, an all-time high, in fear of a broader war. The US and NATO signaled they will arm Ukraine with long-range missiles. Putin said such action means the US and NATO would be directly at war with Russia. The Biden/Harris administration tossed a word salad to walk it back. Despite wild Gold trading, Oi...
Sep 18, 2024•1 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...
Sep 17, 2024•46 min
09-09-2024 Jobs are the "Rock Brigade" ----------------------- Jobs are bangin' on their drums, bangin' on Bonds’ door, wavin' their flags, tellin' Bonds to score. Watch out for the Rock Brigade. On the eve of Fed easing, inversion ended between the 10-year and 2-year Treasury Notes as Job weakness gained momentum. Flash indicators across the globe showed economic sluggishness, with China leading the way. Since January 2023, mortgage rates have reached their lowest level, but more labor data wea...
Sep 15, 2024•1 min
This week's report highlights an upcoming MBA pre-election webinar on September 17th, offering insights into legislative and political changes that could impact the mortgage industry as Election Day approaches. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and ...
Sep 14, 2024•1 min
The week's report covers a volatile week in the bond market, driven by key economic data and Fed commentary, with market participants weighing the likelihood of a 25 or 50 basis point rate cut in the upcoming Fed announcement. ----------------------------------------------------- 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 pl...
Sep 13, 2024•6 min
This week's segment discusses the oversaturation of AI in the mortgage industry, the challenges of vendor overpromises, the risks of tech bias, and the importance of user-centric design and vendor management. ----------------------------------------------------- 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 tod...
Sep 13, 2024•12 min
Alice Alvey explores the current legislative gridlock in housing policy, challenges with realtor-lender agreements, and the shifting dynamics within the real estate and lending industries. ---------------------------------------------------- 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, Alice served as Senio...
Sep 12, 2024•12 min
In this insightful episode, David Lykken welcomes back Pavan Agarwal of SunWest Mortgage for a deep dive into the evolving role of AI in the mortgage industry. As they explore Mustafa Suleyman’s book The Coming Wave , the discussion emphasizes how AI is set to disrupt and transform the sector, bringing unprecedented efficiencies while reducing costs. Pavan shares real-world examples of how Angel AI is revolutionizing mortgage processes, particularly underwriting, by leveraging AI to handle compl...
Sep 11, 2024•37 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...
Sep 09, 2024•51 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...
Sep 02, 2024•28 min
The report outlines the FHFA's proposed 2025-2027 housing goals for Fannie Mae and Freddie Mac, including new compliance processes and the potential impact on low-income and underserved populations, with an invitation for public comment. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in...
Aug 31, 2024•1 min
This week's update explores AI's growing role in the mortgage industry, addressing its challenges, potential, and impact on underwriting, while also discussing the importance of user-centric design and the evolving role of consultants. ----------------------------------------------------- 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 s...
Aug 30, 2024•10 min
The week's report analyzes recent bond market volatility, driven by economic data, Fed policy signals, and market reactions, with a focus on upcoming economic indicators and their potential impact on yields. ----------------------------------------------------- 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-ti...
Aug 30, 2024•5 min
08-26-24 "The Weight" Takes Time -------------------------- Take a load to Fannie. Take a lock for free. Ship The Weight to Ginnie. Our target of a sub-6% mortgage is 50 bps away. Softening Jobs and receding inflation expectations give credence to the FOMC minutes and Powell's speech, signaling a September ease. Market exuberance has built 100 bps of easing by New Year's Eve. Oxford Economics expects the 2-year/10-year yield curve slope to shift entirely into positive territory by the first quar...
Aug 30, 2024•1 min
This report covers legislative updates and strategic considerations for real estate commissions, emphasizing the importance of compliance and market awareness. ---------------------------------------------------- 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, Alice served as Senior Vice President at Indecomm ...
Aug 28, 2024•7 min
In this episode, David Lykken interviews Steve Majerus, CEO of Synergy One Lending, who shares his journey of leading a management buyout during the pandemic and how he has navigated the challenges of the mortgage industry with a focus on strategic vision, innovation, and authentic leadership. Steve discusses the importance of adaptability, building a strong team, and embracing technology to stay competitive in a rapidly changing market. His leadership, characterized by humility and transparency...
Aug 28, 2024•31 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 27, 2024•46 min
In this episode, David Lykken sits down with Pavan Agarwal, Founder and CEO of SunWest Mortgage. He is also the visionary behind Angel AI. A pioneer in AI-driven mortgage solutions, they discuss the latest developments in artificial intelligence and its impact on the mortgage industry. They delve into a newly published article that highlights the inherent biases found in large language models (LLMs) like ChatGPT, particularly in lending decisions. Pavan provides an in-depth analysis of how Angel...
Aug 23, 2024•40 min
In this episode, David Lykken interviews Allan Weiss, founder and CEO of Weiss Analytics, about his pioneering work in real estate analytics, including the development of the Case-Shiller Index. Allan discusses his latest innovations, ValShare and ValPro, which allow homeowners to sell portions of their home equity and provide AI-driven property valuations, respectively. These tools offer new ways for homeowners, realtors, and lenders to manage risks, accurately price properties, and enhance rea...
Aug 21, 2024•36 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 20, 2024•45 min
The Mortgage Bankers Association announces that FHFA, Fannie Mae, and Freddie Mac have delayed the implementation of their Reconsideration of Value (ROV) policies to October 31st, following MBA's request for an extension to allow lenders more time to comply. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decades of experience, Adam ...
Aug 18, 2024•1 min
