06-24-2024 Affordability Remains an Obstacle and Servicing values will Drop, it's a "Ball of Confusion"
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People selling out, people buying in because of the color of their screens.
With the Fed listening to Bonds and data, look for 30-year mortgage rates to stay below 7.75 and reach 6% by yearend while the 10-yield falls below 3.50.
Stop break dancing. It will be without significant increases in production because affordability remains a significant obstacle. Additionally, due to delinquency costs and faster prepayment speeds, servicing values will drop significantly.
Oh, Great Jerome Powell
Can't ya hear Bonds talking to ya?
Data of confusion
Segmentation, disinflation, pro-inflation; obligation to the datum
That's what the world is today
Ooh, hey, hey
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Song: Ball of Confusion (1970)
The Temptations
https://www.youtube.com/watch?v=-9poCAuYT-s
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities.
Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.
