Show notes:
TMSpotlight:
05-13-2024 “High Hopes” Or Decay For the Long Haul
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At a higher altitude, QT unfurled. Bulls reached the High Hopes of that dreamed-of world.
Steps taken forward, Bears sleepwalking back again. Dragged by the force of Fed Powell’s higher-for-longer tide.
The perpetual auctions continue to find investors liking high real rates while ignoring conflicting noise. As a result, mechanical trading persists, lowering volatility. Yet, the bears keep control down the well-traveled road.
Will rates decay as dreams fade? Bulls or Bears, both win and lose forever.
The endless rivals
Forever and ever
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Song: High Hopes (1994) Pink Floyd
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”.