Show notes:
TMSpotlight:
10.23.23 Fed Tightening? “Baby, One More Time”
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Oh bully bearishOh, bully, bearish, how were we supposed to knowThe bully bears had the Fed in its corner. but now Chairman Powell says the higher for longer is predicated on data. Signs of the economy faltering will send the bears to the exit and let the bulls school the bears.Will Powell take his last shot at tightening come November 1? A final tightening suggests recession sooner and longer. Either way tightening is over.Give bulls a sign. Hit it, maybe one more time.——————-Song: Baby, One More Time (1999)
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Tech Report:
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”.