Show notes:
TMSpotlight:
6.12.23 The Markets Prepare for "The Launch"
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Get Ready for Shocks
Hints of stimulus in China caused Oil producing states to cut production and prepare for a global slump. As a result, the 10 yr yield slipped from 3.80.
Get Ready for Lull
Near-term markets struggle with views on yield curves, currencies, and recessions resulting in erratic range trading.
Get Ready for Launch
Before year’s end, plan for a 2.5% 10 yr yield and 30 yr conventional rates to touch 5.75. But don’t plan for a massive bump in volume.
3,2,1,0 DECISIONS
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Song: The Launch (1999) DJ Dean
"The Launch" is a song by Dutch disc jockey DJ Jean, produced by Jean and Klubbheads. The vocals are performed by Natasja Morales.
https://youtu.be/Mu0cE9RgK5M
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”.