Lykken on Lending

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 task...

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 @ Cyp...

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...

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 originatio...

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 H...

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...

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...

MBA urges the FHA to align its cybersecurity incident reporting timeline with Ginnie Mae's 48-hour requirement, advocating for clear and consistent policies across federal agencies. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with nearly two decad...

In the latest episode of "Lykken on Lending," host David Lykken welcomes industry icon Bill Erbey, renowned for his pioneering work with Ocwen Financial and Altisource Portfolio Solutions. With a career spanning several decades, Erbey has been at the forefront of innovation in the mortgage industry, and now he's venturing into the world of cryptocurrency with his new project, ForumPay. This episod...

In today's ever-evolving real estate market, savvy investors and mortgage professionals are turning their attention to a lesser-known yet highly lucrative opportunity: seller financing and private mortgage notes. As traditional lending options become more stringent and inaccessible for some buyers, seller financing offers a flexible and attractive alternative. This innovative approach allows selle...

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 @ Cyp...

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 originatio...

The Supreme Court's overturning of the Chevron deference doctrine means federal courts will no longer defer to agency interpretations of ambiguous statutes, leading to potential legal challenges across various regulated industries and necessitating clearer legislative definitions. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Tra...

David Kittle discusses the potential implications of the Supreme Court's Chevron decision on the mortgage industry, emphasizing the likelihood of increased litigation against regulators and the ongoing regulatory challenges faced by the industry, while also noting positive membership growth of TMC in the credit union space. ----------------------------------------- David G. Kittle, CMB is a h...

Last week's bond market saw increased volatility due to overseas events, economic data like the PCE price index, and political speculations, with significant movements attributed to month and quarter-end trading activities. ----------------------------------------------------- Matt  began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that exist...

An MBA-led coalition of major housing trade groups has urged key House and Senate appropriators to fully fund Ginnie Mae's $67 million fiscal year 2025 budget request to support its crucial role in guaranteeing securities and enhancing market liquidity. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a str...

Freddie Mac has launched a pilot program for closed-end second mortgages with specific conditions, while the FHA has issued a draft mortgagee letter emphasizing lender responsibility for third-party origination fraud, urging lenders to strengthen their fraud detection and prevention measures. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Educa...

Last week's bond market saw minimal movement influenced by retail sales, positional trading before the holiday, and a stronger-than-expected services sector report, with upcoming economic data and the PCE price index expected to have limited impact on volatility. ----------------------------------------------------- Matt  began as an originator in 2002. He fell in love with the idea of follow...

06-24-2024 Affordability Remains an Obstacle and Servicing values will Drop, it's a "Ball of Confusion" ----------- People selling out, people buying in because of the color of their screens. With the Fed listening to Bonds and data, look for 30-year mortgage rates to stay below 7.75 and reach 6% by yearend while the 10-yield falls below 3.50. Stop break dancing. It will be without significant inc...

The FHFA has conditionally approved a pilot program allowing Freddie Mac to purchase certain closed-end second mortgages, with measures to ensure it benefits smaller lenders and does not disrupt the private label securitization market. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affa...

Jaro, the flagship product of Ascent Software Group, represents a significant leap forward in the appraisal space. It is an end-to-end ecosystem that integrates all parties involved in the appraisal process, from loan officers to appraisers to underwriting teams. This holistic approach ensures a seamless flow of information and tasks, eliminating the fragmentation that has long plagued the industr...

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 @ Cyp...

In this episode, we delve into Pavan's inspiring story, starting from his roots and the vision instilled in him by his father, the legendary mortgage lender Hari Agarwal. We'll explore the genesis of Angel AI, a revolutionary tool that's automating and streamlining the mortgage process like never before. As we discuss Pavan's relentless pursuit of innovation, the challenges and triumphs along the...

Marc emphasizes the critical importance of aligning operations and quality control in mortgage lending, detailing a strategic meeting that addressed discrepancies and set new guidelines to prevent future conflicts and ensure regulatory compliance. ------------------------------------------------------------------ Marc Helm , CEO, and Author Marc Helm serves as a Principal Partner at Transformation...

David and Marc, industry veterans, discuss the rapid changes in the real estate industry, emphasizing the need for cost efficiency and praising innovative practices that support homeownership in challenging economic times. ------------------------------------------------------------------ Marc Helm , CEO, and Author Marc Helm serves as a Principal Partner at Transformational Mortgage Solutions, br...