Lykken on Lending

In this insightful episode, David Lykken converses with Dan Smith from LendingPad about the shifting technological dynamics in the mortgage industry. As the Vice President of Sales and Strategy at LendingPad, Dan brings his extensive experience from ComplianceEase and discusses the evolution and challenges in mortgage tech. The episode explores how LendingPad is carving a niche in the market with...

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, t...

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 provides a legislative update on the importance of Juneteenth, VA loan compliance changes, and the CFPB's proposed rulemaking on medical collections in credit reporting. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at  Union Home Mortgage She handles development of their World Class Training program des...

David Kittle discusses the mortgage industry's advocacy efforts in Washington, DC, highlighting the political nature of agencies like Fannie and Freddie, the disconnect between regulatory conversations and outcomes, and the importance of direct engagement with regulators. ----------------------------------------- David G. Kittle, CMB is a highly respected leader in the mortgage industry, with...

The latest MBS market update highlights the Fed's decision to hold rates steady with a potential for lower rates, influenced by positive CPI data, lower-than-expected PPI figures, and rising jobless claims, while upcoming economic indicators may further impact future rate movements. ----------------------------------------------------- Matt  began as an originator in 2002. He fell in love wit...

06-17-2024 Bond "Barracuda" ------------------ Bears, this is the end; Bulls rise up again - to reign They had to take the trend away. Bond barracuda kept the Fed in line, resulting in a new bull market. Long-term, look for the 10-year yield to stay below 5% and mortgage rates below 7.75. Imagine a sub-6% 30-year mortgage rate by yearend and the 10-yield falling below 3.50. Global politi...

The Department of Veterans Affairs has issued a temporary policy, effective August 10, allowing veteran buyers to pay reasonable broker compensation fees in certain circumstances to stay competitive, following coordinated advocacy by the MBA and other industry groups. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Assoc...

Allen Pollack's report covers tech trends in the mortgage industry, including video call behaviors, AI training for new hires, drone usage by insurance companies, effective advertising strategies, and the rising importance of blockchain and digital currencies. ----------------------------------------------------- Allen Pollack , Tech Consultant Allen Pollack, a Mortgage & Financial Services Te...

The CFPB has issued a final rule for a new non-bank registration system, requiring lenders to self-report public orders and court actions, with compliance starting in January 2025 and public access to the registry. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at  Union Home Mortgage She handles development of their...

In this podcast episode, David Lykken, Richard Grieser, and Jodi Hall discuss the factors that distinguish successful from unsuccessful technology rollouts in the mortgage industry. They emphasize that successful rollouts are driven by strong leadership focused on solving specific problems, effective and accountable vendor partnerships, and continuous evaluation of technology to ensure it meets bu...

David Kittle discusses recent advocacy efforts in Washington D.C., regulatory challenges, and the impact of new regulations on the mortgage industry. ----------------------------------------- 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 coo...

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, t...

MBS Live Market Update highlights a volatile week for the bond market influenced by mixed economic data, Treasury auctions, and key reports, with a focus on upcoming CPI data and the Fed's next 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 wer...

06-10-2024 Is Data "Tutti" or "Fruiti"? ------------------------- “Little Richard, what about the data-sensitive market?” Tutti Frutti, go uppie. Tutti frutti, go downie. Tutti Frutti, go uppie. How many angels can dance on the head of a pin? About half. Yet traders keep dancing with every datum as if it changes the world while keeping prices within tightening ranges. Their dancing matters since n...

The CFPB's new final rule requires non-bank covered persons to register agency or court orders with the CFPB, a move the MBA deems unnecessary and redundant, with the rule set to take effect on September 16, 2024. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications...

The Consumer Financial Protection Bureau's (CFPB) recent request for information (RFI) on fees causing consumer hardships. ---------------------------------------------------- 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 effectiven...

MBS Live Market Update reports a volatile bond market week influenced by Treasury auctions, Fed speakers, and economic data, with significant movements driven by revised GDP and PCE price index figures, culminating in stronger momentum and cautious optimism for bonds. ----------------------------------------------------- Matt  began as an originator in 2002. He fell in love with the idea of f...

06-03-2024 "Suite: Judy Blue Eyes" Hesitation, Higher Yields, or More Interest. Hard Choices. -------------------------- It's getting to the point, Jay is no fun anymore. He is sorry. Recent Treasury auctions show investor hesitation to buy. Do they expect higher yields? The low appetite, coupled with the higher-for-longer Fed policy, will cost the high-debt US federal government more interest. Ac...

The CFPB has released a request for information on mortgage transaction fees, prompting the Mortgage Bankers Association to respond and address rising costs and regulatory impacts on borrowers and the mortgage market. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communicat...

05-27-2024 The Fed Leaves US "Right Where You Left Me" ---------------- Links break up, links get married. Cycles get born, cycles get buried. Trends change, rumors fly through new lies, (with-TS only) Screens Right Where You Left them. The Fed minutes underscored its “higher for longer” outlook, resulting in a flattening yield curve and a sharp fall in Gold prices. Will fireworks arrive before Ju...

Adam DeSantis reports on the VA's upcoming circular addressing the buyer commission prohibition and ongoing efforts to clarify guidelines amid evolving real estate agent compensation arrangements. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs at Mortgage Bankers Association As a strategic public affairs and communications executive with n...

In the ever-evolving landscape of the mortgage industry, understanding employment trends and leveraging data for strategic decision-making has never been more critical. In this episode, David delved into this subject with Dale Larson III, co-founder of Modex. Their discussion offered valuable insights into the current state of mortgage employment, highlighting the significance of data-driven recru...

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, t...

David and Allen discuss the critical need for technology to reduce mortgage origination costs, highlighting the impact of automation, AI, and recent industry innovations. ------------------------------------------------------- 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...