Show notes:
TMSpotlight:
11.06.23 “Doctor My Eyes” Can’t See Loan Volume Increases
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Doctor, our eyes have seen the bears. And the bad parade of rates, with bulls breaking. Now, we want loans to expand.The moment of truth came last week, which ended with a strong bull run to a new trend. The historic levels of shorts heading into the Treasury and Fed announcements and the Jobs report drove rates down.
It becomes increasingly challenging to tighten in 2024. As a result, expect the Bond Bulls to return the curve to wider inversion. At least until the short-end prices in the Fed easing. But do not look for a large increase in loan volume or margins.Just showing it’s too late for thee.————————-Song: Doctor, My Eyes (1972) Jackson Browne1997 Remasteredhttps://www.youtube.com/watch?v=BrCLkeYKuEw
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Tech Report: Tech of the week – Slides AI
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”.