Lykken On Lending

Since the housing market meltdown in 2008, the introduction of new regulations and the impact of technological innovation have completely changed “business as usual” for mortgage lenders. Recent economic jitters have some wondering about the long-term health of housing and the implications for loan originators. Today I’ll be talking with David Gansberg, President and Chief Executive Officer of Arch Mortgage Insurance.  Through an acquisition, Arch MI is both a legacy provider and a relatively new entrant to the mortgage insurance sector, that has emerged as a leading innovator and preferred partner for GSEs and many lenders. Our topics include: What do you think is going on in the current housing market?What do these conditions mean for lenders and borrowers? What challenges do loan originators face?What is the role of mortgage insurance in this market?What are some examples of Arch MI’s commitment to innovation?   Be sure to mark your calendars to listen to this program "live" or, as an alternative, downloa

NOTE TO LISTENERS:  This is a rebroadcast of just the "Hot Topic" segment from this past Monday's program with NANCY ALLEY, VP of Strategic Planning for Simplifile This program is the second in a two program series dealing with issues that lenders are facing since TRID went into force.  One of this issues we briefly touched on last week was the interaction with settlement agents.  On today’s program, we are going to focus on what you can do to work more collaboratively with settlement agents as well as the broader issues focusing on solutions that deal with “the spirit of the law” rather than just addressing “the letter of the law”.  We have invited NANCY ALLEY, VP of Strategic Planning for Simplifile, to join us on the “Hot Topic” segment to talk about innovative solutions that are making a difference. What are some of the biggest challenges that have emerged since TRID went into force?What are lenders doing to over come these challenges? How can lenders work more collaboratively with settlement agents? Wh

Today’s program is the second in a two program series dealing with issues that lenders are facing since TRID went into force.  One of this issues we briefly touched on last week was the interaction with settlement agents.  On today’s program, we are going to focus on what you can do to work more collaboratively with settlement agents as well as the broader issues focusing on solutions that deal with “the spirit of the law” rather than just addressing “the letter of the law”.  We have invited NANCY ALLEY, VP of Strategic Planning for Simplifile, to join us on the “Hot Topic” segment to talk about innovative solutions that are making a difference. What are some of the biggest challenges that have emerged since TRID went into force? What are lenders doing to over come these challenges?  How can lenders work more collaboratively with settlement agents?  What are examples of innovative solutions that lenders are employing to overcome these challenges? This program was created to (1) help mortgage professionals, l

This podcast is a "rebroadcast" of Monday's HOT TOPIC segment with LORETTA SALZANO of the law firm Franzen and Salzano, P.C. Since TRID became effective on October 3rd, 2015, a fair number of lenders find themselves still struggling with it's implementation. For this reason, we are dedicating today's and next week's program, to this important topic.     On today's program, we have as our special guest, LORETTA SALZANO a leading industry attorney and expert on this topic.  Loretta is with the law firm Franzen and Salzano, P.C.  Here are some of the questions Loretta will be answering on today's program: What are some stumbling blocks the industry didn’t anticipate?What are the major causes of these hurdles? What impact has TRID had on lenders’ processes, systems and controls?What can lenders do to overcome these issues? Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken.

Since TRID became effective on October 3rd, 2015, a fair number of lenders find themselves still struggling with it's implementation. For this reason, we are dedicating today's and next week's program, to this important topic.     On today's program, we have as our special guest, LORETTA SALZANO a leading industry attorney and expert on this topic.  Loretta is with the law firm Franzen and Salzano, P.C.  Here are some of the questions Loretta will be answering on today's program: What are some stumbling blocks the industry didn’t anticipate?What are the major causes of these hurdles? What impact has TRID had on lenders’ processes, systems and controls?What can lenders do to overcome these issues? Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com & Sam

Have you noticed that MERGER and/or ACQUISITION (M&A) activity is on the rise?  Should you consider BUYING, SELLING or MERGING?   On today's broadcast, we have as our special guest CHUCK KLEIN, Managing Partner of Mortgage Banking Solutions.  Chuck has over 20 years of mergers and acquisition experience and is one of the nation's foremost authorities on the topic.  We'll be  Discussing the following questions and a lot more: Why is it that M&A activity is on the rise?Is it a buyers or sellers market?How do you establish the value of a mortgage company?When should someone start seeking advise if they are considering selling their company?Is it better to just sell mortgage servicing rights (MSR’s) or pull cash out by finanancing them? Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken.  This program is a public service to the mortgage industry and encourage you to listen in and tell others about it.

Closing out this month's series on economic and housing forecasts, we have invited LES PARKER, Senior Vice President of LoanLogics, to tie it all together.   Les will be answering questions such as: In light of recent events, is there any chance that the Federal Reserve will follow through with raising interest rates 2016?What are the factors that  will impact mortgage rates in 2016?How does global economic turmoil and geopolitical events factor into market conditions here in the US?What are the biggest threats to our industry in the next six-months?What role will technology play in this ever more complex world of mortgage lending?What origination channel(s) will grow or shrink and why?    Be sure to tune-in or download this important broadcast. Your host, David Lykken The Lykken On Lending podcast is created BY mortgage professionals FOR mortgage professionals to keep you current on industry news.

This year has started out as one of the most volatile New Years ever.  Many are wondering if all this volatility will change the MBA's 2016 forecast.  Therefore, we have invited back as our special guest, MICHAEL FRATANTONI, Senior Vice President and Chief Economist with the Mortgage Bankers Association (MBA). Michael will be providing his latest economic update and will be answering the following questions:   Given the latest economic data such as the December jobs report, retail sales, etc, what can we expect for Q4 GDP? What might be driving the volatility? What does it mean for the economy? Given the Fed's December hike and the market's reaction, what are the potential next steps from the FOMC? Any updates to the MBA rate and volume forecast given the latest data? Are there any new trends developing as it relates to credit availability? Any indications on how TRID is impacting profitability? Those are just some of the questions we will be discussing in today's "hot topic" segment.  Don't miss this importa

With inventories reportedly short and supposedly rates going higher, will the housing market be as strong in 2016 as it was in 2015? To discuss this important topic, I have invited back to the program LOGAN MOHTASHAMI, who has accurately predicted the housing market for the past couple of years.  Here are some of the things you will hear us discussing on today's program... What are the primary drivers of housing in 2016?Where are home prices going?How much will the Fed impact housing? Where are mortgage rates going?Will New Home Sales pick up steam? What will the oil crash mean to housing?Will the cash buyer stay around in 2016?Will inventory rise in 2016? How long will TRID delay Sales? Are refinancing dead? Will fist time home buyer come back? Don't miss this important discussion and tell others about this podast.   Thank you,  David Lykken, Host of the "Lykken On Lending" program.

HAPPY NEW YEAR!  I have invited MARK FLEMING, the Chief Economist of First American, to join us again on the "Hot Topic" segement to give our listeners updated economic forecast for the New Year especially now that the Federal Reserve has raised the Fed Funds rate.   Mark will be answering questions such as the following:  Can we expect interest rates to steadily rise thoughout the New Year as the Federal Reserve suggests?What will be factors that could influence the direction of interest rates in the next 90-days?  Will Home Sales remain strong in 2016 if interest rates rise?What will be the overall lending climate in 2016?   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update and Andy Schell (a/k/a "The Profit Doct

I hope you had a wonderful Christmas break and am looking forward to the New Year.  Some refer to this week between Christmas and the New Year as "gap week".  Most of us spend some amount of time during this week reflecting over the past year and what we have accomplished (or didn't accomplish), as well as pondering the New Year and setting goals.  That is what today's program is all about.   One of the most listened to TED Talks of all time is Simon Sinek's "How Great Leaders Inspire Action"... click on this link to watch https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action.  This video has had over 24 million views and is from Simon's book "Start with WHY?"  If you haven't already, I would encourage you to watch this video and then read this book.  Even if you have watched this video dozens of time as I have, it would be worth re-watching it this week... gap week.   That is the focus of this program today... to challenge YOU to examine WHY you are doing whatever you are going to be doing

While it is true of other industries, the mortgage industry is unquestionably a relationship driven business!  Our industry is built upon a series of complex interdependent business relationships that forms today's mortgage ecosystem.  As revealed by the recent roll-out of TRID, more work is needed especially as our industry continues to become more more complex.  The best way to accomplish the work that needs to be done is for industry participants to come together in a collaborative way to share and discuss industry "best practices", and that is the focus of today's program.  On today's "Hot Topic" segment, we have as our special guests, David Kittle, Co-founder & Vice Chairman of The Mortgage Collaborative and Arthur Prieston, Chairman of the Prieston Group and is a member of the Board of Directors of The Mortgage Collaborative.  Here are some of the questions we will be discussing with David and Arthur: What is The Mortgage Collaborative?What is the Purpose of The Mortgage Collaborative?What are the

On today's program, we have as our special guest, David Stevens, President & CEO of the Mortgage Bankers Association (MBA).  The focus of today's program is will be the growth and importance of the independent mortgage banker in America's housing finance system.  David Stevens will be answering questions such as the following: What percentage of the MBA's membership is made up of smaller independent lenders?What are the biggest challenges facing small lenders today?What are the GSEs doing to help smaller lenders?  How has TRID impact your smaller members? If you are a independent mortgage lenders or work for one, you will want to tune into this program to better understand the opportunities and threats ahead for smaller mortgage lenders.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLA

Next week, the Federal Reserve meets to determine whether or not to raise the Fed Funds rate.  Many Fed officials have been providing clues, which would seem to support the rumors that a rate hike is eminent.  However, many thought we were going to have a rate hike back in September and it didn't happen. So, will it happen next week?  This is what we will be discussing on today's "Hot Topic" segment with special guest LOGAN MOHTASHAMI.  We will focusing on questions such as "What are the factors supporting a rate hike?"  "What are the reasons it may NOT happen?"  Logan has previously been a guest on this program and has shared many of his previous forecasts, many of which happened as predicted.  Don't miss this important program. Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast”.  With over 400,000 downloads of this program, it has become the most listened to podcast in the mortgage industry and I hope you  will find this progr

On last week's podcast, ANDY SCHELL a/k/a "The Profit Doctor" gave our listeners an update from the MBA's Accounting and Finance Conference that took place the week before in New Orleans.  One of the topics that Andy raised had to do with "Governance" for independent mortgage bankers (IMB's).  Because a significant number of our listeners either are an IMB or work for an IMB, we had a significant amount of feedback and requests for additional information.  For this reason, I have asked Andy to return as the Hot Topic guest to discuss this important topic.  Here are some of the questions we will be discussing and Andy will be answering. What is the purpose of Corporate Governance?What does the CFPB require for Governance?How does an Independent Mortgage Bank address this requirement?Why do they call it a Compliance Management System?What about smaller companies, are they required to comply with these rules? This is an important topic which you will want to tune in and listen too.  I would encourage you to tell

Today's special guest, ANDY SCHELL, also known as "The Profit Doctor", will be providing us a report from last week's MBA Accounting & Finance conference in New Orleans.  Here are some of the topics covered at the conference and we will do our best to get an brief update on as many of these topics as possible: Mortgage company financial trends and outlookGovernance, CMS and SimplicityRegulatory, financial and accounting issuesA FASB UpdateInternal audit inclucing vendor management in the mortgage banking industryUpdate on GSE representations and warrantiesFinancing warehouse, MSRs and Ginnie Mae buyouts Also, please e-mail me any questions you would like us to discuss on the broadcast.  My e-mail address is David@TMS-Advisors.com.   David Lykken, Host of "Lykken On Lending" Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPD

We are excited to have as our special guest on today's program, industry veteran, Bill Dallas.  Bill is the CEO & Founder of Skyline, NewLeaf, Cloud Virga.  As an industry veteran and an 'uber' serial entrepreneur, Bill is well known in the industry for his ability to identify market opportunities and, most importantly, market timing.  Bill has a successful track record of seizing on numerous opportunities and making the most of them.   On today's program, Bill will be sharing his perspective on what he sees as the opportunities ahead of us in the mortgage industry as well as the obstacles and, of most importance, what it will take to succeed.  Bill will be answering questions such as "What is the new normal?" "Where are we at in the housing recovery? ...it is all about timing."  Don't miss this podcast and be sure to share this link with your fellow associates and peers.     Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podca

We are honored to have back on the program, Austin Tilghman and David Stephens of United Capital Markets "live" from Denver, Colorado.  Austin and David are a couple of the nations foremost authorities on Mortgage Servicing Rights (MSR's), which is the focus of today's program.  They will be providing our listening audience with an update on the latest MSR trends with as well as where MSR values are headed and if retaining MSR's is the right strategy for you.  Also, Austin & David will also explain the impact of Basel III, especially on community banks.  This is one of those programs that you will want to listen to several times because of all the information being provided.  Be sure to share the link to this program with your fellow associates and industry peers.  To learn more about Austin, David and their company, click on this link to their website http://www.ucm-inc.com/ Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast

Have you ever wondered how the US housing finance system compares to that of other countries? On today's program, we have as our special guests TIM SKEET, the European Advisor to AmeriCatalyst and TONI MOSS the Founder & CEO of AmeriCatalyst and EuroCatalyst. Both are international housing and finance experts and will be sharing with our listening audience the housing financing system and trends of other countries, with a special focus on Europe.  They will be answering questions such as, "Do other countries governments provide a "backstop" such as the U.S. does for American homebuyer?"  "Is America's housing finance system going to look more like what they have in Europe in the future?"   Toni's and Tim's knowledge of other coutries housing finance systems and their combined sense of humor will be as entertaining as it informative.  Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute highly informative program on the hottest topics of what is going on in

On today's program, we will be talking about what we heard and our takeaways from the Mortgage Bankers Association's Annual Convention and Expo 2015 that just concluded last week in San Diego.  Joining program regulars, Alice Alvey and David Lykken, will be SAM GARCIA of Mortgage Daily, all of whom were in attendance.  Here are some of the topics we will be discussion: MBA President David Steven's opening remarksCFPB Director Richard Cordray's presentationFHFA Director Mel Watt's presentationHUD Secretary Julian Castro's presentationQuicken's Dan Gilbert comments on TRIDConsolidation, an ongoing trend  Don't miss this important MBA Convention & Expo special report.     Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES