02-26-2024 Weekly Mortgage Updates with Adam DeSanctis, Les Parker, Matt Graham, David Kittle, Alice Alvey, Allen Pollack, Bill Corbet, Marc Helm, and David Lykken

02-26-2024 Weekly Mortgage Updates with Adam DeSanctis, Les Parker, Matt Graham, David Kittle, Alice Alvey, Allen Pollack, Bill Corbet, Marc Helm, and David Lykken

Show notes:

TMSpotlight:

2.26.24 Bears May Find "Trouble Every Day"
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Well, CASH about to get UPSET From watchin' Jay’s DELAY. He’s checkin' out / the news Until his eyeballs fail to see.

On January 31, during Jay Powell's press conference, he said that the committee would begin to explore slowing sales of its Treasury portfolio.
Some analysts think the language indicates Quantitative Tightening slows later than sooner, while others opined it slows sooner.
The market continues to trade sideways and mechanically as it waits for the Fed to reduce the sale of Bonds.

Expect the bears not to find the momentum to push rates to a new high. As a result, the bulls can roar back in Spring when QT thaws.
No way to delay Cash trouble comin' the Fed’s way.
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Commentary:

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Tech Report: Explorer.Globe.Engineer


The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlighta 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”.