Show notes:
TMSpotlight:
05-20-2024 Countries In Recession Won’t Be “Lonely Boy”
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Any old report keeps us waiting. Waiting, waiting. Powell’s a Lonely Boy, He’s a Lonely Boy. Oh, Powell, you are the love that keeps us waiting.
The latest tame inflation dropped rates. Many expected a strong report that would have pushed rates significantly higher.
Avoid emphasizing one report; instead, pay attention to coalescing trends. Megatrends suggest the next recession will affect more countries than usual.
Amid the eternal war between bulls and bears, the bulls merely shifted the guillotine a notch. The new 10-year yield range is 4.67 to 4.18.
Oh, Powell, you are the love that keeps us waiting.
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Song: Lonely Boy (2011)
MBA article: Bob Broeksmit speech at 2024 Secondary and Capital Markets Conference and Expo
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”.