Show notes: TMSpotlight: 10-07-2024 "Lonely Days, Lonely Nights" For MLOs --------------------- Loaning days, loaning nights. Where would I be without a loan app? The Fed cut rates when the 30-yr rate was 6.11, and three weeks later Mortgage New Daily index was 6.53, the highest rate in two months. A year ago, loans were made at 8%. … [Read more...]
Market Insights Amidst a Storm: Industry Updates and Tech Trends
Show notes: TMSpotlight: 09-30-2024 Does "New Dawn Fade" For Fed? ------------- A change of ease, a change of spreads. A change of speed, with no regrets. Will the Fed’s New Dawn Fade with the Dollar as the perpetual reserve currency and no economic landings? That is, a stable US economy with 3% growth, 3% inflation, and no more … [Read more...]
Advancing Reforms Against Trigger Lead Abuses in the 2025 NDAA – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. And I've got great news to share. As you know, MBA has led a diverse set of coalition partners to help advance needed reforms that would curb trigger lead abuses while preserving their use in appropriately limited circumstances during … [Read more...]
GSEs, Trigger Leads, and Tech Trends: What’s Shaping the Mortgage Industry and Other Industry Updates
Show notes: TMSpotlight: 09-23-2024 "A Day In The Life" Of Powell ------------------- Locks up, fallout is dead. Drag new locks across the hedge. The Fed’s 50 bps rate cut signals concerns about the labor market. However, Chairman Powell downplayed the likelihood of further outsized rate cuts. Mortgage rates rose in response. The era of … [Read more...]
Basel 3 Revisions: Federal Reserve’s Impact on Mortgage Lending and Banking Regulations – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Federal Reserve Vice Chair Michael Barr last week confirmed his intent to recommend to the board sweeping changes to the Basel 3 end game proposal issued by federal regulators last July. According to Barr, this recommendation would … [Read more...]
Market Movers and Mortgage Tech: Navigating Regulatory Changes and Emerging AI Innovations and Other Industry Updates
Show notes: TMSpotlight: 09-16-2024 "Wooden Ships" Calm Seas, Prepare for Unexpected ------------------------ Wooden Ships above the oil, barely free. Easy, Bonds know the way it’s supposed to be. Gold rose sharply above 2600, an all-time high, in fear of a broader war. The US and NATO signaled they will arm Ukraine with long-range missiles. … [Read more...]
Election Countdown: Legislative Updates and Insights for the Mortgage Industry – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. It's official, Election Day is now less than two months away and, in the meantime, Congress is in session for the next three weeks before lawmakers head home for all of October to campaign for reelection. MBA has you covered on all you … [Read more...]
Sub-6% Mortgage Rates, Realtor Disclosures, Election Impact On Mortgage and Other Industry Updates
Show notes: TMSpotlight: 09-09-2024 Jobs are the "Rock Brigade"-----------------------Jobs are bangin' on their drums, bangin' on Bonds’ door, wavin' their flags, tellin' Bonds to score. Watch out for the Rock Brigade. On the eve of Fed easing, inversion ended between the 10-year and 2-year Treasury Notes as Job weakness gained momentum. Flash … [Read more...]
From Advocacy to Action: How Mortgage Leaders Use Social Media to Shape the Industry – A Labor Day Special with Greg Sher
Show notes: TMSpotlight: 09-02-2024 "Pour Some Sugar on Me," It Relieves Boredom----------------------Pour Some Sugar On Three. Two, escape inversion. Pour some sugar on One. Come on, hit zero. The countdown to the end of inversion goes through mechanical boredom despite anxiety by market participants. The dynamic tension coexists within … [Read more...]
Trigger Lead Bill, Growing Role of AI in Mortgage Lending, Bond Markets Prediction and Other Industry Updates
Show notes: TMSpotlight: 08.26.2024 "The Weight" Takes Time--------------------------Take a load to Fannie. Take a lock for free. Ship The Weight to Ginnie. Our target of a sub-6% mortgage is 50 bps away. Softening Jobs and receding inflation expectations give credence to the FOMC minutes and Powell's speech, signaling a September ease. Market … [Read more...]
New Buyer Agent Commission and Realtor Challenges, Jackson Hole Symposium, Shrinking TP sizes And Other Industry Updates
Show notes: TMSpotlight: 08-19-2024 Lags Happen, So "Knockin' On Heavens Door"---------------------------Job’s long black cloud is comin' down. Bulls are Knockin' On Rally's Door. Will recession odds rise faster than falling inflation expectations? The bond market expects the Fed will ease multiple times before Dec 31. Yet, uncertainty abounds … [Read more...]
FHFA and GSEs Delay Reconsideration of Value Policy Implementation – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is DeMortgage Minute, the latest news from the Mortgage Bankers Association. Last week, FHFA and Fannie Mae and Freddie Mac responded to MBA's raised concerns by announcing that they will delay the implementation date for their new Reconsideration of Value, or ROV, policy. This move is in direct response to a … [Read more...]
ROV policy, Data and Cybersecurity, Bond Yield Curve And Other Industry Updates
Show notes: TMSpotlight: 08-12-2024 "Always Crashing in the Same Car" Into The Bear Wall --------------------- The market’s going ’round and ’round the DATA garage Must have been getting close to 3.44. The struggling Dollar and Gold’s sustained bullishness point to calamity ahead. Meanwhile, Crude Oil and Bonds do not expect WW3 within the … [Read more...]
Urging Action on the Homebuyers Privacy Protection Act of 2024 – MBA Mortgage Minute by Adam DeSanctis
[Adam] Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. MBA this week issued a Mortgage Action Alliance Call to Action that urges you, MBA members, to contact your Senators to vote for the Senators Hagerty Reed Amendment that would add the Homebuyers Privacy Protection Act of 2024, also … [Read more...]
CFPB RFI on Mortgage Rates, Mortgage Bond and Market Rates And Other Industry Updates
Show notes: TMSpotlight: 08-05-2024 Mortgage Rates "Take It Easy" ------------------------- Fed is loose, and we will win Though let us never go back againSo open up, Loans climbin' inSo take it easyIn May when mortgage rates were 7.25, you heard me on Lykken On Lending say that mortgage rates would drop significantly before the end of … [Read more...]
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