In this episode of Lykken on Lending, host David Lykken sits down with Eric Hussey, Senior Vice President and Chief Information Security Officer at Finastra, the world’s largest FinTech company, to discuss the evolving landscape of cybersecurity. Eric shares his journey in the industry, highlighting how technological advancements, such as AI and … [Read more...]
Preparing for the Unpredictable: Mortgage Industry Insights and Disaster Response
Show notes: TMSpotlight: 10-07-2024 "Lonely Days, Lonely Nights" For MLOs --------------------- Loaning days, loaning nights. Where would I be without a loan app? The Fed cut rates when the 30-yr rate was 6.11, and three weeks later Mortgage New Daily index was 6.53, the highest rate in two months. A year ago, loans were made at 8%. … [Read more...]
Portfolio NonQM Lending in Today’s Market with James Hooper of Quontic
In this episode, David Lykken interviews James Hooper from Quontic Bank, a CDFI that has fully embraced Angel AI to streamline its lending operations. James discusses how adopting Angel AI has significantly reduced costs, improved efficiency, and allowed loan officers to focus more on relationship-building while automating routine tasks. Quontic … [Read more...]
Market Insights Amidst a Storm: Industry Updates and Tech Trends
Show notes: TMSpotlight: 09-30-2024 Does "New Dawn Fade" For Fed? ------------- A change of ease, a change of spreads. A change of speed, with no regrets. Will the Fed’s New Dawn Fade with the Dollar as the perpetual reserve currency and no economic landings? That is, a stable US economy with 3% growth, 3% inflation, and no more … [Read more...]
Fed’s First Non-Emergency Rate Cut Since 2019: Impacts, Projections, and Labor Market Trends – Market Update by Matt Graham
[Matt] This is Matt Graham with the MBS live market update. Last week was an interesting one for the bond market coming off of the non-farm payrolls reading from September 6th. The bond market continued to move away from a 50bip fed rate cut in favor of a 25. And at first glance, this had a lot to do with the CPI reading that we got on Wednesday … [Read more...]
Advancing Reforms Against Trigger Lead Abuses in the 2025 NDAA – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. And I've got great news to share. As you know, MBA has led a diverse set of coalition partners to help advance needed reforms that would curb trigger lead abuses while preserving their use in appropriately limited circumstances during … [Read more...]
GSEs, Trigger Leads, and Tech Trends: What’s Shaping the Mortgage Industry and Other Industry Updates
Show notes: TMSpotlight: 09-23-2024 "A Day In The Life" Of Powell ------------------- Locks up, fallout is dead. Drag new locks across the hedge. The Fed’s 50 bps rate cut signals concerns about the labor market. However, Chairman Powell downplayed the likelihood of further outsized rate cuts. Mortgage rates rose in response. The era of … [Read more...]
New Loan Limits for 2025 and HMDA Data Analysis: What Lenders Need to Know – Legislative Update by Alice Alvey
[Alice] Thanks, Dave. Hello, everyone. First up is the change in the maximum loan limits today. Lenders across the country are announcing that they are all okay with conventional loan limits moving up to $802,650. This is an increase from the $766,550 that we used in 2024. Now that gap in between those two numbers means a couple of things. Means we … [Read more...]
Fed Rate Cut Uncertainty: Bond Market Reacts to CPI Data and Fed Commentary – Market Update by Matt Graham
[Matt] This is Matt Graham with the MBS live market update. Last week was an interesting one for the bond market coming off of the non-farm payrolls reading from September 6th. The bond market continued to move away from a 50bip fed rate cut in favor of a 25. And at first glance, this had a lot to do with the CPI reading that we got on Wednesday … [Read more...]
Basel 3 Revisions: Federal Reserve’s Impact on Mortgage Lending and Banking Regulations – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Federal Reserve Vice Chair Michael Barr last week confirmed his intent to recommend to the board sweeping changes to the Basel 3 end game proposal issued by federal regulators last July. According to Barr, this recommendation would … [Read more...]
The Future of Mortgage Tech: API Shifts, Fraud Mitigation, and Compliance Challenges – Tech Update by Allen Pollack
[David] Let's get into this week's tech report. Allen Pollack, COO, Consultant, outstanding tech expert! Got a finger of what's going on. What's the report you have for us this week? [Allen] That was a nice intro, David throwing the question over to me and then just sneaking right over. So, couple interesting things. One is I had to pull this … [Read more...]
“Wooden Ships” Calm Seas, Prepare for Unexpected – TMSpotlight by Les Parker
09.16.2024 "Wooden Ships" Calm Seas, Prepare for Unexpected ------------------------ Wooden Ships above the oil, barely free. Easy, Bonds know the way it’s supposed to be. Gold rose sharply above 2600, an all-time high, in fear of a broader war. The US and NATO signaled they will arm Ukraine with long-range missiles. Putin said such action … [Read more...]
Market Movers and Mortgage Tech: Navigating Regulatory Changes and Emerging AI Innovations and Other Industry Updates
Show notes: TMSpotlight: 09-16-2024 "Wooden Ships" Calm Seas, Prepare for Unexpected ------------------------ Wooden Ships above the oil, barely free. Easy, Bonds know the way it’s supposed to be. Gold rose sharply above 2600, an all-time high, in fear of a broader war. The US and NATO signaled they will arm Ukraine with long-range missiles. … [Read more...]
Jobs are the “Rock Brigade” – TMSpotlight by Les Parker
9.9.24 Jobs are the "Rock Brigade" ----------------------- Jobs are bangin' on their drums, bangin' on Bonds’ door, wavin' their flags, tellin' Bonds to score. Watch out for the Rock Brigade. On the eve of Fed easing, inversion ended between the 10-year and 2-year Treasury Notes as Job weakness gained momentum. Flash indicators across the … [Read more...]
Election Countdown: Legislative Updates and Insights for the Mortgage Industry – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. It's official, Election Day is now less than two months away and, in the meantime, Congress is in session for the next three weeks before lawmakers head home for all of October to campaign for reelection. MBA has you covered on all you … [Read more...]
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