Show notes:
TMSpotlight:
2.12.24 Fed Gives Bears "Just What I (They) Needed"
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I don't mind correcting here, waiting all the time.Bonds are waiting for the Fed to see inflation crashing down. Massive US debt supports global bank reserves but weakens long-term economic health.Additionally, the decline in the Fed's reverse repo balances put liquidity levels at risk. So, before the Fed eases rates, it will reduce its selling of Treasury securities, fueling a sharp decline in long-term rates.The bear correction prepares the bull market to run.The drop was just what bonds needed. (Just What They Needed.) They needed some time to breathe.--------------------------Song: Just What I Needed (1978) The Cars
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 update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.