Show notes:
TMSpotlight:
7.10.23 Will the Economy “Rock & Roll” Into a Slowdown
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Uh, Uh, Flush Flush Ah.Finally, the bears reached our 10 yr yield target of 4.10. The bears ended the secular bull market in 2022, and all bull comebacks crashed. With many central banks tightening over 400 basis points in less than a year, when will the reversal start?When it happens, expect a significant drop in 10 yr as constraining illiquidity pushes the world into a significant economic slowdown. As a result, expect more crazy moves.Fed goes Rock & RollSong: Rock and Roll Part 2 (1972) Gary Glitter
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”.