Show notes:
TMSpotlight:
06-03-2024 “Suite: Judy Blue Eyes” Hesitation, Higher Yields, or More Interest. Hard Choices.
————————–
It’s getting to the point, Jay is no fun anymore. He is sorry.
Recent Treasury auctions show investor hesitation to buy. Do they expect higher yields? The low appetite, coupled with the higher-for-longer Fed policy, will cost the high-debt US federal government more interest.
According to projections by the OECD, an intergovernmental organization with 38 member countries, US gross debt will exceed 200% by 2040 if policies remain unchanged, and Italy will barely be worse.
Bears are yours, Bulls are mine, Fed is what it is. Jay makes it hard.
—————–
Song: Suite: Judy Blue Eyes (1969) Crosby, Stills, and Nash
National Mortgage News article – Will other mortgage warehouse lenders follow NYCB in pullback?
Expert urges industry to respond to CFPB RFI on mortgage costs
David Kittle’s email: dkittle@tms-advisors.com
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”.