Lykken on Lending

Alice discusses Ginnie Mae's new allowance for commingling e-mortgages with traditional loans in pools starting June 1st and highlights concerns over regulatory costs impacting mortgage origination, with technology increasingly driving industry decisions. ---------------------------------------------------- Alice Alvey , Master CMB Vice President Partner Education and Training at  Union Home...

Last week's market movements were driven by the Consumer Price Index (CPI) report, which showed a slight but insufficient downtrend in core inflation, resulting in a moderate bond market reaction and setting the stage for future data-driven market shifts. ----------------------------------------------------- Matt  began as an originator in 2002. He fell in love with the idea of following MBS...

05-20-2024 Countries In Recession Won't Be "Lonely Boy" ------------------------- Any old report keeps us waiting. Waiting, waiting. Powell’s a Lonely Boy, He’s a Lonely Boy. Oh, Powell, you are the love that keeps us waiting.   The latest tame inflation dropped rates. Many expected a strong report that would have pushed rates significantly higher. Avoid emp...

The Financial Stability Oversight Council's recent report on non-bank mortgage servicing includes recommendations to Congress and state regulators aimed at addressing key vulnerabilities, with the Mortgage Bankers Association expressing concerns over increased costs and regulatory complexity. ------------------------------------------------------------- Adam DeSanctis , Director of Public Affairs...

Allen's report explores innovative marketing strategies and technological integrations in the mortgage industry, highlighting the impact of AI, social media, and PropTech. ------------------------------------------------------- Allen Pollack , Tech Consultant Allen Pollack, a Mortgage & Financial Services Technology Advisor, is a subject matter expert in the mortgage origination process along...

Matt Graham provides an update on recent market activity, focusing on the impact of weaker-than-expected job reports and heightened inflation expectations, and looks ahead to key economic data releases, including the upcoming CPI and PPI reports, which are anticipated to significantly influence bond yields. -------------------------------------------------------------- Matt  began as an origi...

05-13-2024 "High Hopes" Or Decay For the Long Haul ----------------------- At a higher altitude, QT unfurled. Bulls reached the High Hopes of that dreamed-of world. Steps taken forward, Bears sleepwalking back again. Dragged by the force of Fed Powell’s higher-for-longer tide. The perpetual auctions continue to find investors liking high real rates while ignoring conflicting noise. As a result, me...

The Mortgage Bankers Association (MBA) has expressed concerns to the Veterans Affairs (VA) regarding the implementation timeline of the Veterans Affairs Servicing Purchase Program (VASP), highlighting the need for clearer guidance and an extended compliance deadline beyond October 1st. The MBA recommends setting clear expectations with veterans and providing servicers with six additional months to...

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 services push to all things Digital, Allen has been helping lenders and financial services solution providers align their digital transformation and...

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 leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquir...

The financial industry is rapidly evolving with the increasing adoption of cloud computing and artificial intelligence (AI), fundamentally transforming operations and customer interactions. Cloud computing offers flexibility, efficiency, and cost savings, while AI democratizes data access, making technology more intuitive and improving decision-making. Smaller banks, with their agility, can swiftl...

Show notes: TMSpotlight: 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 gov...

In the latest episode of "Lykken on Lending," host David Lykken sits down with Adi Pavlovich, Co-Founder and CEO of Newzip, to discuss his groundbreaking "Broker as a Service" platform. Adi, with his rich background in tech and real estate innovation from his tenure at Keller Williams, shares how Newzip empowers mortgage lenders to offer integrated real estate agent services. This episode delves i...

Show notes: TMSpotlight: 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 f...

The Fed acknowledged higher inflation and began quantitative tightening (QT), a slower pace of balance sheet reduction. The decision was well-telegraphed and had little negative impact on the bond market. Speaker 1 notes that the Fed's move was expected and did not cause any major surprises. -------------------------------------------------------------- Matt  began as an originator in 2002. H...

05-06-2024 Bad Data is "Criminal" --------------------- The data hustle, they’re no good at all. Moves like a loser, they are mixed, up, down, done. Dripping Oil, softening Gold, and cooling Copper lifted the short-end’s hope that the Fed will ease this year. Friday’s Jobs report helped. Additionally, the Fed’s significant slowing of QT in June lowers liquidity risks and confirms that it understan...

Hi, I'm Adam DeSanctis, this is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, Freddie Mac announced that it updated requirements for using attorney opinion, title letters or AOL is expanding the types of mortgages that are eligible for delivery with an attorney opinion of title letter. expansion includes most mortgages secured by our property located in all...

Chris Bixby and Jodi Hall of Rice Park Capital talks about their strategic investing in technology within the mortgage and real estate ecosystem. They discuss the concept of investing in gaps, which refers to identifying areas of inefficiency and applying technology to improve operational efficiency, compliance, and revenue generation. They also explore the broad term of PropTech, which encompasse...

Jennifer Martinez, a top loan officer, shares her journey and passion for changing lives through getting their first home. She emphasizes the importance of caring for clients and the joy of helping them achieve their dreams of homeownership. Jennifer also discusses the role of technology, specifically Angel AI, in streamlining the loan origination process and improving efficiency. She highlights t...

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...

Today we dive deep into the world of top producers in the mortgage industry. It’s always amazing to connect with individuals who not only excel regardless of market conditions but also redefine success in their field. Today, we are thrilled to host Nancy Bayat, she is the Co-Founder of Amerify and has led her team to become the number one team at Emortgage Capital for three consecutive years. What...

Experience.com helps businesses enhance their online visibility and improve search engine rankings by leveraging Google's algorithm in several strategic ways. Through these strategies, they effectively utilizes the intricacies of the Google algorithm to boost their clients' SEO efforts, helping them to gain better visibility, drive traffic, and ultimately increase conversions through enhanced onli...

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 , Chief Operating Officer, 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 services push to all things Digital, Allen has been helping lenders and financial services solution providers align their d...

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 live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of  MBS Live! He...