Show notes:
TMSpotlight:
07-20-2026 “Does Anybody Really Know What Time It Is?”Bonds Don’t Care
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(Bonds don’t) Does anybody really know what time it is? (Care) Does any rally really care? (About time) If so, Bonds can’t imagine why. (Oh don’t sell) They’ve all got time enough to buy.
The more things change, the more they don’t. The nature of a big system hides micro tragedies. Consider how mortgage rates have stayed within a 100 bps band for three years, but volatility has ranged from 2 to 5.
Imagine at 2 you make your gross margin, but net profit declines and eventually turns negative as volatility increases. The point is that the speed of change is more dangerous than change itself.
Buy or sell, Bonds don’t care.
These views are mine. Join TMSpotlight to know when time matters.
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Song: Does Anybody Really Know What Time It Is (1969)
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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”.