03-18-2024 Weekly Mortgage Updates with Adam DeSanctis, Les Parker, Matt Graham, David Kittle, Alice Alvey, Allen Pollack, Bill Corbet, Marc Helm, and David Lykken

Show notes:

TMSpotlight:

3.18.24 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

NextHome CEO about $418M NAR settlement

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”.