The mortgage industry is no stranger to change, and the challenges it faces today demand bold discussions and innovative solutions. In this special Christmas Day podcast episode, David Lykken brings together two industry thought leaders, Greg Sher and Taylor Stork, to explore the pressing issues shaping the future of housing finance and mortgage lending. From Scott Turner's appointment as HUD Secretary and its implications for the housing supply crisis, to MLO compensation reform, and the transformative impact of AI and streamlined tech stacks, the conversation covers a wide range of critical topics. The episode also tackles contentious issues like trigger leads and credit scoring monopolies, emphasizing the need for fairness and transparency. As the panel looks ahead to 2025, they highlight key initiatives from CHLA and MBA and underscore the importance of advocacy and collaboration in creating a more efficient, consumer-friendly mortgage landscape.

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. We also have commentaries provided by our Consultants, Bill Corbet and Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.

The Lykken on Lending podcast welcomes Mark Fleming, Senior Vice President for Decision Science and Chief Economist at First American Financial Corporation, for a thought-provoking discussion on the current housing market, mortgage rates, and the challenges and opportunities facing the industry. Mark shares his expert analysis of the Federal Reserve’s recent decisions, the evolving economic landscape, and insights on the future of the housing market, including trends in construction, affordability for first-time homebuyers, and the potential impact of regulatory changes. With a mix of data-driven expertise and optimism, this episode sheds light on how the industry can navigate 2025 with stability and innovation.

In this insightful episode of Lykken on Lending, David Lykken sits down with Spencer Dusebout, co-founder of Aidium and an innovator in the mortgage industry. From his early days creating a movement to provide clean water to thousands globally to his current work leveraging AI to transform mortgage lending, Spencer shares his unique perspective on technology and problem-solving. The discussion delves into AI's impact on both operational efficiency and sales strategies, highlighting innovative approaches like propensity modeling, data unification, and customized marketing. This conversation is a must-listen for anyone seeking to understand the evolving role of AI in mortgage lending and how it bridges the gap between loan officers and enterprise needs.

The latest episode of Lykken on Lending dives into the transformative power of Angel AI in the mortgage industry, featuring insights from AI expert Pavan Agarwal of SunWest Mortgage and users Chris Beadles and Collin Stodghill from Country Alliance Mortgage. They share how this cutting-edge tool streamlines loan processing, reduces turnaround times, and improves borrower experiences, enabling them to close loans in as little as seven days. With real-world examples and a discussion on the future of AI in lending, this episode offers a compelling look at how technology is revolutionizing mortgage operations and setting new industry standards.

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. We also have commentaries provided by our Consultants, Bill Corbet and Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.

AI and automation are transforming the mortgage industry, with companies like Blend, Gateless, and SimpleNexus introducing advanced solutions to streamline processes, enhance compliance, and improve customer experiences.

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Allen Pollack, Tech Consultant

Allen Pollack, a Mortgage & Financial Services Technology Advisor, is a subject matter expert in the mortgage origination process along with software product management and software development.

In today’s financial services push to all things Digital, Allen has been helping lenders and financial services solution providers align their digital transformation and technology strategies by removing the human element of risk, and automating processes that drive efficiencies and margins into profits.

Over the course of his career, Allen has co-created and developed technology business models that have birthed highly successful, innovative solutions and companies.

Allen co-founded and served as CTO of New York Loan Exchange (NYLX), a loan product eligibility and pricing engine (PPE) that made an immediate impact on the industry, scaling the company quickly and forming partnerships with multiple mortgage and financial lending companies. In 2012, Allen was a co-founder of a merger between NYLX and Aklero Risk Analytics that created LoanLogics, A Mortgage Loan Quality and Performance Analytics company. Allen served as CTO where he continued to bring new and innovative product solutions to the market that made a significant impact to mortgage lenders that reduced risk, scaled business channels, and grew profits in a very competitive and highly regulated market.

Allen is also is mortgage and finance technology contributor on a weekly live industry podcast, Lykken on Lending, and is launching a new podcast soon to be released, TechStack Radio, dedicated to technology and innovation in Financial Services.

The bond market rallied last week on weaker-than-expected economic data and hints of rate cut possibilities from the Fed, with key inflation reports like CPI and PPI poised to shape momentum this week.

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Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!

He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.

Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.

He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

12-09-2024 "Around The World" Expect The 6's

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Around the 6s, around the 6s.

Around the 6s, around the 6s.

Last week, Dave Lykken replayed our June 24 forecast that you should see the 30-year mortgage rate reach 6% by the end of the year, which was above 7%. It reached 6.11 in September.

The trend to lower mortgage rates should reach 6.375 by New Year’s Eve. Expect US economic optimism and imagined fiscal discipline to sustain the Dollar and low Oil prices through January. So, the 30-year at 6% looks likely. Get used to 6s in 2025 and a wide range from 5.9 to 7.40.

Around the 6s, around the 6s.

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Song: Around the World (1997) Daft Punk     

"Around the World" is a song by French electronic music duo Daft Punk. The song's lyrics solely consist of the words "around the world", repeated on a loop 144 times in the album version and 80 times in the radio edit.  

https://en.wikipedia.org/wiki/Around_the_World_(Daft_Punk_song)

https://www.youtube.com/watch?v=K0HSD_i2DvA   

MBA commends FHFA's revised Suspended Counterparty Program regulation proposal, urging further refinement to protect GSE-approved lenders from undue penalties for routine certifications.

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Adam DeSanctis, Director of Public Affairs at Mortgage Bankers Association

As a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.

In this episode of Lykken on Lending, David Lykken sits down with Joe Wilson, CEO and Founder of Social Coach, to discuss the transformative role of social media in the mortgage and financial industries. Joe shares insights on how his cutting-edge platform empowers professionals to navigate the complexities of compliance, build authentic relationships, and leverage personalized video content to stand out in a competitive market. From addressing compliance risks to offering practical strategies for becoming a trusted advisor through social media, this conversation highlights the tools and techniques mortgage professionals need to thrive in today’s digital landscape.