Show notes:
TMSpotlight:
10.16.23 Rewind to “1979”
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Khomeini 1979. Cruel Iran always has the time.
Khomeini took power in 1979 from the Shah. Instability in the Middle East is constant. What happens as the War against Hamas takes months? What happens with Iranian-backed Hezbollah fighting in the north? Will Oil continue to rise? Will Iran challenge Biden’s weakness as they exploited President Jimmy Carter? For mortgage bankers, the looming rate drop will do little to rescue their bottom line. Cracks in home prices add to the purchase money challenges, but lower prices and rates bring a new world of opportunities. Rates start sinking like a stone. —————————–Song: 1979 (1995)https://www.youtube.com/watch?v=4aeETEoNfOg
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”.