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Lykken on Lending

A Weekly Podcast by Mortgage Professionals

5-11-20 Becoming Approved by Ginnie Mae and a Look Ahead after the Pandemic

With all that's going on in the mortgage industry right now we thought it'd be best to take a detailed look at what it takes to become approved by Ginnie Mae, and with that, also look to the future for what may be happening after the pandemic! In today's Hot Topic we have Gregory Keith on the program to provide us with his insights on the Ginnie Mae Approval process! Want to know more about Gregory Keith? Gregory A. Keith joined Ginnie … Show Notes

4-1-19 Hot Topic – The Shift in the Mortgage Industry and the Rise of the Mortgage Broker

In this episode of Lykken on Lending we're happy to welcome Laura Brandao, President of American Financial Resources to focus on a discussion of the shift taking place in the mortgage industry and how the rise of the Mortgage Broker is developing. Laura Brandao’s vision of bringing families home has become the foundation of the culture at AFR. For … [Read more...]

4-1-19 The Shift in the Mortgage Industry and the Rise of the Mortgage Broker

The Six Daily Branch Supports You Must Have to Succeed in Today’s Market

By Robert Tyler Cook, SVP and Western Division Manager, Planet Home Lending, LLC A logical pro forma may lay the foundation for a great retail branch business plan, but the numbers alone will not guarantee success. Other issues play a critical role in mortgage company growth. Moving to a new company is not something top The post The Six Daily Branch Supports You Must Have to Succeed in Today’s Market appeared first on Mortgage Media.
Where in the World is Non-QM? A Mortgage Media Discussion with Robert Senko of ACC Mortgage

The shocks that hit the credit markets in mid-March had already caused disruptions to the non-QM segment – these were however compounded when the last two of the large investors Angel Oak and Citadel also bowed out. Many lenders not only stopped new loans, but also had to pull loans from the pipeline. However, not The post Where in the World is Non-QM? A Mortgage Media Discussion with Robert Senko of ACC Mortgage appeared first on Mortgage Media.
Friday Wrap: Tensions Reignite with China as Tech Takes a Dive; Mortgage Lending Hits 7 Year High

Tech Stocks, Jobs and Earnings All Conspire to Drag Wall Street Down Wall Street took a hit in tech this week with Apple, Amazon and Microsoft all seeing losses. Stocks like Microsoft showed better-than-expected earnings in Q2, but its stock still faltered by 4% on Thursday, due to slowing transactional license purchasing and the lack The post Friday Wrap: Tensions Reignite with China as Tech Takes a Dive; Mortgage Lending Hits 7 Year High appeared first on Mortgage Media.
Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020

Source: U.S. Bureau of Labor Statistics This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009. In the previous recession, the measure The post Ratio of Unemployed Workers per Job Opening – MBA Chart of the Week July 24, 2020 appeared first on Mortgage Media.
Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment

Mortgage Rates Drop to Lowest in History For the first time in its history, Freddie Mac is showing an average 30-year fixed-rate mortgage below 3%. This week the average came in at an incredibly low 2.98%. According to the Mortgage Bankers Association, total mortgage application volume went up 5.1% week-over-week, with refinances seeing a 12% The post Friday Wrap: Historic Low Mortgage Rates and Increasing Higher Unemployment appeared first on Mortgage Media.