Show notes:
TMSpotlight:
04-07-2025 Spreadsheets in the “Rose Garden”
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Stocks beg a pardon. Trump never promised you a Rose Garden.
Performance depends on the starting point. Wednesday’s 3 pm marks looked very different than the 5 pm marks. Would you take on risk when Trump is holding up an Excel spreadsheet taped to a poster board in the Rose Garden? It complicates a pipeline hedger’s life.
We call the deal between Rocket and NationStar, “RocketStar.” It is going to have unintended consequences because investors don’t like loan concentration. Expect wacky prepays and pricing.
Along with the prepay, there’s gotta be a little pool sometime.
These views are mine. Catch the right trade at TMSpotlight.com.
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Song: Rose Garden (1970) Lynn Anderson
The Mortgage Professionals Handbook by Jess Lederman
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”.