08-21-2023 “Rainy Day Women” Who is Getting Stoned Now?
Data stone you when you’re tryin’ to lock a loan. Then data stone you when keeping all your loans. But you would not feel so all alone. Everybody will get stoned.
The Bond Bears reign. How can they take mortgage rates to 8%? They throw stones. They cast the five stones of the top growing states, Florida, Texas, NC, Georgia, and Tennessee, with low taxes and regulations.
Bond supply is a weighty stone. Keynesians love record debt and spending. The bears also cast the Fed policy stone. Higher for longer, the forward Fed Funds Rate projects 4.2 in January 2025.
Everybody will get stoned.
Song: Rainy Day Women #12 & 35 (Everybody Must Get Stoned) Bob Dylan (1966)
Les Parker, CMB
Former senior vice president of a national technology and service company.
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the 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, and 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 the US interest rate movement.