1-28-19 – Part 1 – A Macro Look at the Mortgage Industry for 2019 with Les Parker

1-28-19 – Part 1 – A Macro Look at the Mortgage Industry for 2019 with Les Parker

In this episode of Lykken on Lending we've got Les Parker in our Hot Topic segment to share his macro view of the mortgage industry for 2019. The first half of the program will start with an MBA Mortgage Minute from Rob VanRaaphorst and then we’ll have a TMSpotlight Soundbite from Les Parker focusing on his macroeconomic perspective on the economy with a music parody. Next up is Joe Farr providing you a rate & market update, Alice Alvey of Union Home Mortgage providing a regulatory & legislative update followed by Allen Pollack giving us a Tech Report of the latest technology impacting our industry. Then Andy Schell, a/k/a “Profit Doctor” sharing ideas on how to improve your bottom line. Check out Part 2, the Hot Topic, from this episode. Want to know more about Les Parker? Les Parker, CMB Les Parker served as the Senior Vice President of Industry Relations and Consulting at Les-Parker-PR-400x600LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan lifecycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributor to strategic planning team, and communicating with industry leaders to develop and maintain positive relationships.  He focused on identifying threats and strategic opportunities. Parker has executive mortgage banking experience in capital markets, servicing, operations, production and financial management. Parker has served as director of the largest private issuer of CMOs. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content.  Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to US interest rate movement. Resources Mentioned in this Episode:
  1. Reach out to Richard Weidel
Excerpts from this Episode:
Listen: Andy's comment, "The path to success is fairly consistent..."
Listen: The G4 has created the matrix with low interest rates...
Listen: What the G4 has created is a great calmness...
Listen: The Fed's rate is just less loose...
Listen: Let's get to how all this affect mortgage bankers... weak business models...
Listen: Many small earthquakes are better than bigger infrequent ones... like the calmness the Fed is creating...
Listen: What is the world is happening to us... our margins have disappeared...
Listen: We are in a calm cold war with China...
Listen: Market Intensity Indicator is now part of the TMSpotlight newsletter...
Listen: Prediction of interest rates for 2019...