In this compelling segment of Lykken on Lending, the team unpacks former Fed Governor Kevin Warsh’s pointed critique of the Federal Reserve and Chairman Jerome Powell. Warsh’s appearance on Fox Business stirred the industry with calls for immediate rate cuts, criticism of the Fed’s $4 billion office project, and concern over its growing politicization. The panel—led by Alice Alvey and featuring David Kittle, Bill Corbett, Marc Helm, and Allen Pollack—analyzes Warsh’s claims, the implications for monetary policy, and the credibility risks facing the Fed. With inflation signals still uncertain and CPI data looming, the group weighs whether the Fed is responding fast enough—or if it’s stuck in a decision-making lag that could have long-term consequences.

This podcast segment explains how the recent federal tax bill halves CFPB’s funding and explores how loosening FHA guidelines on manufactured housing could be a strategic solution to today’s affordability crisis.

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Alice Alvey, Master CMB

Vice President Partner Education and Training at Union Home Mortgage

She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.

Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.

She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.

Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!

This podcast segment breaks down last week's sideways bond market, highlighting the growing anticipation around CPI data and whether tariffs are starting to fuel inflation.

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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.