Homebuyers Privacy Protection Act, Crowdstrike Outage, Fed Rate Cuts and Other Industry Updates!

Homebuyers Privacy Protection Act, Crowdstrike Outage, Fed Rate Cuts and Other Industry Updates!

Show notes:

TMSpotlight:

07-22-2024 Bulls Say "Welcome to Paradise"

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Dear Powell, Can you hear Jobs whining? It's been three whole years since inflation felt your hold.


Despite declining volatility, the new bullish trend remains solid. News continues to affirm that two rate cuts make long-term rates happier three.

According to the BofA Global Fund Manager Survey, geopolitical conflict is the biggest tail risk at 26%, replacing inflation that fell to 22% from 36% in May. Additionally, recession risk rose to 18%. So, it is no surprise that the uber-smart Fed wants to take tiny rate drops.

Welcome To Paradise.
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Song: Welcome To Paradise (1994) Green Day
https://www.youtube.com/watch?v=P0bHAyGhxE8


The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlighta 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”.