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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

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Commercial Chapter 11 Filings – MBA Chart of the Week

The onset of the COVID-19 pandemic, and subsequent business closures that occurred in the months following, resulted in a rapid rise in commercial Chapter 11 bankruptcies, as some businesses were not able to reopen – or reopen at sufficient capacity to survive. There were 528 bankruptcy filings in February 2020, and an additional increase of The post Commercial Chapter 11 Filings – MBA Chart of the Week appeared first on Mortgage Media.
Friday Wrap: Positive Jobs Report, and Will Rates Stay Low?

Positive Jobs Report Boosts Markets as Tech Drags The unemployment rate in the United States is back below 10% for the first time since March. The data released Friday morning by the Bureau of Labor Statistics shows unemployment is down to 8.4% with 1.37 million non-farm payroll jobs created in August. This is much better The post Friday Wrap: Positive Jobs Report, and Will Rates Stay Low? appeared first on Mortgage Media.
IMB Median Productivity – MBA Chart of the Week

MBA earlier this week released its latest Quarterly Performance Report for the second quarter of 2020. The second quarter report showed a record-high average for net production profit of 167 bps ($4,548 per loan), as well as record-high average origination volume of $1.02 billion per company. In recognition of the upcoming Labor Day holiday, this The post IMB Median Productivity – MBA Chart of the Week appeared first on Mortgage Media.
Friday Wrap: Historic Fed Move, and Home Prices Rise

Fed Changes Course on Inflation, Rates Expected to Stay Low The Federal Reserve just made an historic move in its efforts to support the economy. And that move means rates could stay lower, longer. In a first-ever virtual, public meeting in Jackson Hole, Wyoming, Fed Chair Jerome Powell outlined a new vision for inflation. Instead The post Friday Wrap: Historic Fed Move, and Home Prices Rise appeared first on Mortgage Media.
Home Sales and Purchase Applications – MBA Chart of the Week

As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health. The boost to the purchase market has come not only from pent-up demand from delayed The post Home Sales and Purchase Applications – MBA Chart of the Week appeared first on Mortgage Media.