This podcast segment explores the complex debate around loan level price adjustments (LLPAs), examining how risk-based pricing, capital return expectations, and potential reforms could impact housing affordability—especially for first-time homebuyers.

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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 the 10-year Treasury’s technical resistance at 4.0%, muted bond market reactions to mixed economic data, tariff-driven volatility, and the return of top-tier 30-year mortgage rates to 5.99%.

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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.

Divorce is one of the most overlooked opportunity channels in the mortgage industry — yet nearly every divorce involves real estate, refinancing, assumptions, equity buyouts, or forced sales. In this powerful and personal episode of Lykken on Lending, I sit down with board-certified family law attorney Jimmy Evans to unpack the real challenges divorcing homeowners face: assumable low-rate mortgages, short sales, capital gains exposure, credit risk, and poorly written divorce decrees that can derail future financing. What shocked me most? After handling thousands of divorce cases, Jimmy has virtually no consistent mortgage referral relationships. For loan officers looking to add value and build a steady referral pipeline, this conversation reveals a massive untapped opportunity hiding in plain sight.