This week's report analyzes the ongoing rise in treasury yields and mortgage rates, highlights key economic data impacts, and examines the Federal Reserve's cautious approach to potential rate cuts amid evolving economic conditions. ----------------------------------------------------- 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-k...
Nov 22, 2024•6 min
This segment explores the transformative impact of digital-first strategies, AI-driven tools, and customer engagement innovations on the mortgage industry, emphasizing the importance of staying ahead in a rapidly evolving landscape. ----------------------------------------------------- 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 soft...
Nov 22, 2024•16 min
This segment explores the FHA's actuarial report, its implications for MIP premiums, and how evolving market dynamics are impacting borrowers and lenders in the mortgage industry. ---------------------------------------------------- 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 Pr...
Nov 21, 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...
Nov 19, 2024•56 min
This segment explores opportunities for veterans in tech, highlights advancements like telehealth and mortgage automation, and discusses industry updates including funding rounds, integrations, and solutions for uncollected appraisal fees. ----------------------------------------------------- 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 a...
Nov 17, 2024•8 min
The FHFA has proposed a new rule to enhance governance within Federal Home Loan Banks by modernizing board requirements, clarifying expertise standards, and implementing conflict of interest policies, with a public comment period open until February 3rd. ---------------------------------------------------- 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...
Nov 16, 2024•3 min
11-11-2024 For Rates "A Change Would Do You Good" ------------------- With the Republican mandate, expect rates to favor their fiscal agenda. Neo-Keynesian analysts modeled higher deficits. So, rates increased as Trump’s election odds increased. Yet, the models have always been wrong about deficits because they miss growth and are baffled by cutting bureaucracy. Last week, the 10-year yield tested 4.50. The next test is 4.18. The Bulls can reign again, fueled by lower Oil prices. Oil thinks a ch...
Nov 15, 2024•1 min
Following the 2024 election, Donald Trump's return to the presidency, along with anticipated Republican Senate control, signals potential shifts in mortgage policy, GSE reform, and regulatory leadership, with the Mortgage Bankers Association planning further analysis on implications for the industry. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive w...
Nov 14, 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...
Nov 11, 2024•34 min
In this episode, we dive into the transformative power of artificial intelligence in the mortgage industry with Pavan, the visionary behind Angel AI and Angel Twin technology. Broadcasting from San Juan, Puerto Rico, Pavan shares the excitement of the upcoming Diwali Avatar Party and unveils groundbreaking advancements that allow mortgage professionals to create personalized AI "twins." These AI-driven avatars, powered by blockchain technology, promise to revolutionize the way realtors, loan off...
Nov 08, 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...
Nov 05, 2024•59 min
This update offers insights on AI's role in marketing, recent tech innovations like LoanLogics’ LoanBeam integration, and practical tips for evaluating vendors and tech solutions at the MBA Annual Conference. ----------------------------------------------------- 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...
Nov 02, 2024•4 min
This week's highlights three FHA mortgagee letters open for feedback, covering extended cyber incident reporting requirements, guidelines for nonjudicial foreclosures on secretary-held liens, and proposed changes allowing DE underwriters to work part-time while still being employed by a single company. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at Union Home Mortgage She handles development of their World Class Trai...
Nov 02, 2024•3 min
In this week's report, the bond market faces significant volatility due to election odds, trader positioning, and upcoming key economic data, with the potential for mortgage rates to shift dramatically in the next week. ----------------------------------------------------- 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 ...
Nov 01, 2024•4 min
10-28-2024 The Great "Hello Walls" of China --------------------- Hello, Walls. (hello) How'd rates go for Bears today? The Bond bears continued to ride the speculation that China will meet stimulus expectations. What happens when it misses? When China's package falls woefully short, expect a significant short cover rally in US Treasuries, with mortgage rates reaching 6% by year's end. The inflation outlook will improve if the US elects pro-growth and supply-side policies. However, the driver to...
Nov 01, 2024•1 min
The Mortgage Bankers Association (MBA) is advocating for reforms to modernize Section 8 of RESPA, addressing outdated compliance issues in areas like marketing agreements and digital lead generation to improve efficiency and benefit consumers and lenders in today’s mortgage market. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two deca...
Oct 30, 2024•2 min
In this episode of Lykken on Lending , David Lykken welcomes Pam Faulkner, Director of Professional Services at nCino, back for a deep dive into the challenges and opportunities of change management in the mortgage industry. With over 40 years of experience, Pam shares her insights from their recent presentation at nCino's Executive Forum, where they discussed the accelerating impact of AI, automation, and how technology can enhance efficiency. They explore how companies can adapt to the evolvin...
Oct 30, 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...
Oct 28, 2024•27 min
In this episode of Lykken on Lending , David Lykken welcomes Shelley Leonard, a prominent thought leader in the mortgage technology space, for a deep dive into her journey and the innovations she's driving at Xactus. Shelley, with an impressive career that includes leading roles at Black Knight, shares her insights on the evolving mortgage industry, the challenges of scaling operations, and the integration of cutting-edge technology, including AI, to streamline workflows. The conversation touche...
Oct 25, 2024•25 min
In this podcast episode, David Lykken is joined by Bobby Palmer, Marketing Manager at Byte Software, to discuss the importance of building a strong brand in the mortgage industry. Bobby, with over 20 years of experience, shares insights on how to amplify customer loyalty, maintain brand authenticity, and navigate the challenges unique to mortgage companies, where personal and company branding often overlap. Through engaging stories and practical advice, Bobby highlights the key principles of bra...
Oct 23, 2024•27 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...
Oct 22, 2024•47 min
In this episode of Lykken on Lending , David Lykken is joined by two industry innovators, Alex Kutsishin, co-founder and CEO of Fuel, and legendary sales coach Todd Duncan. Together, they share their vision for Fuel, a groundbreaking platform that combines the simplicity of Netflix with the performance-driven approach of Peloton, designed to revolutionize personal and professional development. Alex and Todd discuss the importance of investing in people, the need to break away from traditional le...
Oct 18, 2024•38 min
In this episode of Lykken on Lending , we explore the critical importance of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations for mortgage lenders. David Lykken is joined by industry experts Bob Simpson, David Kittle, Alice Alvey, and Bill Corbet to discuss how these regulations affect lenders, the responsibilities around filing Suspicious Activity Reports (SARs), and the role of compliance in preventing fraud. With real-world insights from Bob’s extensive experience in mor...
Oct 16, 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...
Oct 15, 2024•49 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...
Oct 11, 2024•5 min
In this insightful episode of Lykken on Lending , David Lykken sits down with Troy Garris, managing partner at Garris Horn LLP, to discuss some of the most pressing legal and regulatory challenges in the mortgage industry. With over 25 years of experience, Troy shares his expertise on key issues such as Loan Officer (LO) compensation, federal and state regulatory compliance, and the complexities of running a successful mortgage business in today's ever-evolving legal landscape. Tune in as Troy p...
Oct 11, 2024•23 min
This week's reports FHA's draft revisions to cybersecurity incident requirements align with MBA's advocacy, including extending the reporting timeline, as the industry pushes for greater alignment with Ginnie Mae's 48-hour standard. ------------------------------------------------------------- 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 stra...
Oct 10, 2024•1 min
In this episode of Lykken on Lending , host David Lykken sits down with Eric Hussey, Senior Vice President and Chief Information Security Officer at Finastra, the world’s largest FinTech company, to discuss the evolving landscape of cybersecurity. Eric shares his journey in the industry, highlighting how technological advancements, such as AI and API integration, are transforming both opportunities and threats in FinTech. He also delves into the importance of trust, regulatory compliance, and fo...
Oct 09, 2024•38 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...
Oct 08, 2024•51 min
In this episode, David Lykken interviews James Hooper from Quontic Bank, a CDFI that has fully embraced Angel AI to streamline its lending operations. James discusses how adopting Angel AI has significantly reduced costs, improved efficiency, and allowed loan officers to focus more on relationship-building while automating routine tasks. Quontic Bank, known for serving underserved communities, leverages innovative products like crypto-backed loans and a unique P&L product to help non-traditi...
Oct 03, 2024•38 min
