Lykken on Lending
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ALLEN POLLACK https://www.linkedin.com/in/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 digital transformation and technology strategies by removing the human element of risk, and automating processes that drive efficiencies and margins into profits. Over the course of his career, Allen has co-created and developed technology business models that have birthed highly successful, innovative solutions and companies. Allen co-founded and served as CTO of New York Loan Exchange (NYLX), a loan product eligibility and pricing engine (PPE) that made an immediate impact on the industry, scaling the company quickly and forming partnerships with multiple mortgage and financial lending companies. In 2012, Allen was a co-founder of a merger between NYLX and Aklero Risk Analytics that created LoanLogics, A Mortgage Loan Quality and Performance Analytics company. Allen served as CTO where he continued to bring new and innovative product solutions to the market that made a significant impact to mortgage lenders that reduced risk, scaled business channels, and grew profits in a very competitive and highly regulated market. Allen is also is mortgage and finance technology contributor on a weekly live industry podcast, Lykken on Lending, and is launching a new podcast soon to be released, TechStack Radio, dedicated to technology and innovation in Financial Services.
ALICE ALVEY https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1/, MASTER CMB Vice President Partner Education and Training at Union Home Mortgage https://www.unionhomemortgage.com/ 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 acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance. She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations. Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com/ where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
03-25-2024 "Times Like These" Make You Look At Your Options --------------------- Jay’s on a one-way motorway He’s an ease that drives away, then loosens sales back home. The Fed remains on the road to reducing monetary constraints, whether through lower rates or fewer sales of Treasuries. What bites harder, a recession, political upheaval, or a liquidity crisis? The Fed and Gold buyers agree that inadequate cash lubricating global commerce creates unpredictable and dire consequences. Will rates go up or down 100 basis points? Prudent hedgers buy time to adapt to market changes by buying options. It's times like these buying time again. Song: Times Like These (2002) Foo Fighters https://www.youtube.com/watch?v=rhzmNRtIp8k
Adam DeSanctis https://www.linkedin.com/in/adamdesanctis/, 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 media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.
The Lykken on Lending program will feature our Weekly Mortgage Updates with ADAM DESANCTIS AND HIS MBA MORTGAGE MINUTE https://www.linkedin.com/in/adamdesanctis/, and then LES PARKER’S TMSPOTLIGHT https://www.linkedin.com/in/les-parker-cmb-amp-7980564, A MACROECONOMIC PERSPECTIVE ON THE ECONOMY with a music parody. That leads to MATT GRAHAM OF MBS LIVE https://www.linkedin.com/in/matthew-graham-714bba8 PROVIDING YOU A RATE & MARKET UPDATE, followed by DAVID KITTLE https://www.linkedin.com/in/david-g-kittle-cmb-06732628, Chief Executive Officer @ Cypress Mortgage Capital, to discuss MORTGAGE ORIGINATIONS. Then we have Alice ALVEY OF UNION HOME https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1 PROVIDING A REGULATORY & LEGISLATIVE UPDATE, THEN ALLEN POLLACK GIVING US A TECH REPORT https://www.linkedin.com/in/allen-pollack ON THE LATEST TECHNOLOGY IMPACTING OUR INDUSTRY. Finally, we wrap up the first half of the program with MARC HELM https://www.linkedin.com/in/h-marc-helm-9852977, Senior Executive Partner @ Transformational Mortgage Solutions, talking about LOAN SERVICING AND THE “AGENCIES”.
In the fast-paced and competitive landscape of the mortgage industry, the ability to communicate effectively can make all the difference. Whether you're a loan officer, broker, or lender. How we use language significantly impacts our ability to achieve our goals and influence others. By understanding and harnessing the power of words, we can enhance our communication skills, build stronger relationships, and achieve greater success.
03.18.24 Inflation Has the "Folsom Prison Blues" --------------------- Hello, I’m Jerome Cash I hear inflation comin', it's rolling round the bend. And I ain't seen it tumblin’ since I don't know when. I’m stuck in Biden’s Prison, inflation draggin' on. Biden pushes on demand with old-fashioned Democrat economic policies constraining commerce and unrestrained spending. Adding in Yellen’s global minimum corporate tax releases inflation that is beyond transitionary according to repentant Treasury Secretary Janet Yellen. As a result, Powell will not ease as quickly as the market wants, but he will give it QT relief. Far from Folsom Prison, That's where Jay wants to stay, so he’ll blow that QT whistle, Blow our Blues away. ---------------------------- Song: Folsom Prison Blues (1955) https://www.youtube.com/watch?v=s_NLlOiD1Wo Johnny Cash
ALICE ALVEY https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1/, MASTER CMB Vice President Partner Education and Training at Union Home Mortgage https://www.unionhomemortgage.com/ 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 acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance. She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations. Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!
Adam DeSanctis https://www.linkedin.com/in/adamdesanctis/, 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 media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com/ where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
The Lykken on Lending program will feature our Weekly Mortgage Updates with ADAM DESANCTIS AND HIS MBA MORTGAGE MINUTE https://www.linkedin.com/in/adamdesanctis/, and then LES PARKER’S TMSPOTLIGHT https://www.linkedin.com/in/les-parker-cmb-amp-7980564, A MACROECONOMIC PERSPECTIVE ON THE ECONOMY with a music parody. That leads to MATT GRAHAM OF MBS LIVE https://www.linkedin.com/in/matthew-graham-714bba8 PROVIDING YOU A RATE & MARKET UPDATE, followed by DAVID KITTLE https://www.linkedin.com/in/david-g-kittle-cmb-06732628, Chief Executive Officer @ Cypress Mortgage Capital, to discuss MORTGAGE ORIGINATIONS. Then we have Alice ALVEY OF UNION HOME https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1 PROVIDING A REGULATORY & LEGISLATIVE UPDATE, THEN ALLEN POLLACK GIVING US A TECH REPORT https://www.linkedin.com/in/allen-pollack ON THE LATEST TECHNOLOGY IMPACTING OUR INDUSTRY. Finally, we wrap up the first half of the program with MARC HELM https://www.linkedin.com/in/h-marc-helm-9852977, Senior Executive Partner @ Transformational Mortgage Solutions, talking about LOAN SERVICING AND THE “AGENCIES”.
Innovation is the lifeblood of any industry, and the lending sector is no exception. As we step into 2024, the landscape for lenders is evolving rapidly, driven by technological advancements, changing customer expectations, and regulatory developments. To delve deeper into how lenders can navigate these changes and drive innovation in the industry, we sat down with Dawar Alimi, CEO and founder of Lender Price, a leading provider of mortgage pricing engine. In this interview, Dawar shares his insights on the key trends shaping the lending industry in 2024 and offers valuable advice for lenders looking to stay ahead of the curve.
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com/ where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
3-11-24 "We Will Rock You" It's Another Gold BRIC in the Wall ------------------------ BRICS want a race. Chasing Bucks Can all over the place, // Queen only //singin'. We will, we will rock you. We will, we will rock you. Gold hit record highs as China and other BRICS continued their buying spree. So, why hoard Gold? Under Russia’s leadership, the BRICS, which includes many of the largest oil-producing countries, want to establish a global payment system to compete with the capricious Advanced Economies’ Swift system. Gold’s rise also reflects doubt that the Fed will avoid a liquidity crisis unless it curtails selling Treasuries. Regardless, the 10-year yield is in limbo with no momentum. Stay tuned to shifting money We will, as the BRICS say, We will, we will rock you. -------------------------- Song: We Will Rock You (1977) https://www.youtube.com/watch?v=-tJYN-eG1zk
Adam DeSanctis https://www.linkedin.com/in/adamdesanctis/, 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 media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.
The Lykken on Lending program will feature our Weekly Mortgage Updates with ADAM DESANCTIS AND HIS MBA MORTGAGE MINUTE https://www.linkedin.com/in/adamdesanctis/, and then LES PARKER’S TMSPOTLIGHT https://www.linkedin.com/in/les-parker-cmb-amp-7980564, A MACROECONOMIC PERSPECTIVE ON THE ECONOMY with a music parody. That leads to MATT GRAHAM OF MBS LIVE https://www.linkedin.com/in/matthew-graham-714bba8 PROVIDING YOU A RATE & MARKET UPDATE, followed by DAVID KITTLE https://www.linkedin.com/in/david-g-kittle-cmb-06732628, Chief Executive Officer @ Cypress Mortgage Capital, to discuss MORTGAGE ORIGINATIONS. Then we have Alice ALVEY OF UNION HOME https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1 PROVIDING A REGULATORY & LEGISLATIVE UPDATE, THEN ALLEN POLLACK GIVING US A TECH REPORT https://www.linkedin.com/in/allen-pollack ON THE LATEST TECHNOLOGY IMPACTING OUR INDUSTRY. Finally, we wrap up the first half of the program with MARC HELM https://www.linkedin.com/in/h-marc-helm-9852977, Senior Executive Partner @ Transformational Mortgage Solutions, talking about LOAN SERVICING AND THE “AGENCIES”.
ALICE ALVEY https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1/, MASTER CMB Vice President Partner Education and Training at Union Home Mortgage https://www.unionhomemortgage.com/ 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 acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance. She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations. Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!
ALLEN POLLACK https://www.linkedin.com/in/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 digital transformation and technology strategies by removing the human element of risk, and automating processes that drive efficiencies and margins into profits. Over the course of his career, Allen has co-created and developed technology business models that have birthed highly successful, innovative solutions and companies. Allen co-founded and served as CTO of New York Loan Exchange (NYLX), a loan product eligibility and pricing engine (PPE) that made an immediate impact on the industry, scaling the company quickly and forming partnerships with multiple mortgage and financial lending companies. In 2012, Allen was a co-founder of a merger between NYLX and Aklero Risk Analytics that created LoanLogics, A Mortgage Loan Quality and Performance Analytics company. Allen served as CTO where he continued to bring new and innovative product solutions to the market that made a significant impact to mortgage lenders that reduced risk, scaled business channels, and grew profits in a very competitive and highly regulated market. Allen is also is mortgage and finance technology contributor on a weekly live industry podcast, Lykken on Lending, and is launching a new podcast soon to be released, TechStack Radio, dedicated to technology and innovation in Financial Services.
ALLEN POLLACK https://www.linkedin.com/in/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 digital transformation and technology strategies by removing the human element of risk, and automating processes that drive efficiencies and margins into profits. Over the course of his career, Allen has co-created and developed technology business models that have birthed highly successful, innovative solutions and companies. Allen co-founded and served as CTO of New York Loan Exchange (NYLX), a loan product eligibility and pricing engine (PPE) that made an immediate impact on the industry, scaling the company quickly and forming partnerships with multiple mortgage and financial lending companies. In 2012, Allen was a co-founder of a merger between NYLX and Aklero Risk Analytics that created LoanLogics, A Mortgage Loan Quality and Performance Analytics company. Allen served as CTO where he continued to bring new and innovative product solutions to the market that made a significant impact to mortgage lenders that reduced risk, scaled business channels, and grew profits in a very competitive and highly regulated market. Allen is also is mortgage and finance technology contributor on a weekly live industry podcast, Lykken on Lending, and is launching a new podcast soon to be released, TechStack Radio, dedicated to technology and innovation in Financial Services.
ALICE ALVEY https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1/, MASTER CMB Vice President Partner Education and Training at Union Home Mortgage https://www.unionhomemortgage.com/ 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 acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance. She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations. Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!
ALICE ALVEY https://www.linkedin.com/in/alice-alvey-master-cmb-79631b1/, MASTER CMB Vice President Partner Education and Training at Union Home Mortgage https://www.unionhomemortgage.com/ 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 acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance. She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations. Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com/ where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com/ where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
Matt https://www.linkedin.com/in/matt-graham-714bba8/ 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 https://www.mbslive.net/Live! He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since. Matt also serves as the Chief of Operations for mortgagenewsdaily.com, https://mortgagenewsdaily.com where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages. He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit. Check out more details about MBS Live here https://www.mbslive.net/.
2.26.24 Bears May Find "Trouble Every Day" --------------------------------- Well, CASH about to get UPSET From watchin' Jay’s DELAY. He’s checkin' out / the news Until his eyeballs fail to see. On January 31, during Jay Powell's press conference, he said that the committee would begin to explore slowing sales of its Treasury portfolio. Some analysts think the language indicates Quantitative Tightening slows later than sooner, while others opined it slows sooner. The market continues to trade sideways and mechanically as it waits for the Fed to reduce the sale of Bonds. Expect the bears not to find the momentum to push rates to a new high. As a result, the bulls can roar back in Spring when QT thaws. No way to delay Cash trouble comin' the Fed’s way. -----------------------------------
3.04.24 The War Between Bulls and Bears Brings So Many "Questions" --------------------- Why do Bears never get an answer when they're knocking at the door? Because the truth is hard to swallow, that's what the balance war is for. Embrace the balanced war between Bulls and Bears and prepare for a breakthrough. Recent range trading displays the mortgage market wrestling with its love and hate of equilibrium. But, it’s transitory, like a guillotine dropping with each swing. Whose pipeline is on the block? Typical pipeline hedgers win amid calm and get decapitated with vast and fast moves in a single direction. Hedgers that use scenario planning win with outsized moves and stay employed. ------------------------ Song: Question (1970) https://www.youtube.com/watch?v=9_JpfT-v6Uk
2.19.24 China on Population, "Take It Easy" ---------------------------- Well, we’re buying down the locks. Trying to loosen our loans. Got a world of guidelines on our minds. Let’s look long-term. China’s fertility rate is among the lowest globally. It fell below its replacement rate in 1991. As a result, its population likely will collapse by 50% in 75 years, recently reported by Newsweek. Along the way, the ratio of workers to seniors will drop 50% in 10 years. So, China’s debt burden will crush it, impacting the world. Back to today: For US rates to rise, they need helpful news on inflation, growth, or debt. The Fed does not expect it. Bulls gotta know if Fed’s sweet ease Is gonna save them? ------------------------- Song: Take It Easy (1972) Eagles 2013 Remastered original recording
Adam DeSanctis https://www.linkedin.com/in/adamdesanctis/, 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 media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.
Adam DeSanctis https://www.linkedin.com/in/adamdesanctis/, 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 media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.
