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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

6-1-20 Hot Topic – The Current Mortgage Environment and Value of Lenders One

In difficult economic times, the companies that succeed are the ones that have developed great relationships and partners. As the saying goes, "If you want to travel fast, go alone. If you want to travel far, go together with others." With all that's going on in the mortgage industry as we move through the pandemic and see the changes that have … [Read more...]

6-1-20 The Current Mortgage Environment and Value of Lenders One

In difficult economic times, the companies that succeed are the ones that have developed great relationships and partners. As the saying goes, "If you want to travel fast, go alone. If you want to travel far, go together with others." With all that's going on in the mortgage industry as we move through the pandemic and see the changes that have … [Read more...]

3-30-20 Hot Topic – Providing Digital Closings During a Time of Crisis

The COVID-19 pandemic has wide-reaching impacts for the U.S. and global economy. One area of potential impact is the delay (or cancelations) of closings. Many county recorders have yet to fully digitize operations, and as such depend upon high-touch, manual processes for both input and production of property records. Shelter-in-place … [Read more...]

3-30-20 Providing Digital Closings During a Time of Crisis

The COVID-19 pandemic has wide-reaching impacts for the U.S. and global economy. One area of potential impact is the delay (or cancelations) of closings. Many county recorders have yet to fully digitize operations, and as such depend upon high-touch, manual processes for both input and production of property records. Shelter-in-place … [Read more...]

3-25-20 COVID-19 SPECIAL: Overcoming Operational Issues of Working Remotely

In this special mid-week release we have Alice Alvey on the program to discuss developments with regards to overcoming operational issues for mortgage companies as the outbreak of the Corona Virus continues to expand! Alice Alvey is VP of Partner Education and Training for Union Home Mortgage. She is responsible for development of their … [Read more...]

Monthly Payroll Growth and Unemployment Rate July 3 2020 – MBA Chart of the Week

Source: Bureau of Labor Statistics This week’s MBA Chart of the Week focuses on June’s employment report from the U.S. Bureau of Labor Statistics (BLS). The economy added a record 4.8 million jobs to nonfarm payrolls in June, bringing the cumulative increase in May and June to one-third of the sharp decreases in March and The post Monthly Payroll Growth and Unemployment Rate July 3 2020 – MBA Chart of the Week appeared first on Mortgage Media.
Friday Wrap: Pandemic Panic

Pandemic In The Driver’s Seat As Banks Could Fail Fed’s Stress Test The COVID-19 pandemic continues to be the strongest driving force behind Wall Street. This week a spike in reported cases, combined with another higher-than-expected initial unemployment claims report, drove markets downward. The Dow Jones suffered a 700-point loss on Wednesday’s reports of new The post Friday Wrap: Pandemic Panic appeared first on Mortgage Media.
MBA and Census Estimates of New Home Sales – MBA Chart of the Week

The post MBA and Census Estimates of New Home Sales – MBA Chart of the Week appeared first on Mortgage Media.
Dale Vermillion on Industry’s Feast or Famine

Over his career, Dale Vermillion estimates he has trained more than a million mortgage and financial services professionals from more than 600 organizations. And he recently told Mortgage Media that after nearly 40 years in the industry, he has never seen the type of market we have today. “We are in the biggest feast or The post Dale Vermillion on Industry’s Feast or Famine appeared first on Mortgage Media.
Share of Loans in Forbearance by Investor Type – MBA Chart of the Week

This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting. According to MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance grew from 0.25% as of The post Share of Loans in Forbearance by Investor Type – MBA Chart of the Week appeared first on Mortgage Media.