3-31-2026 Stagflation Needs a "Wonderwall"

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And all the roads that Iran walks are winding.

And all the lights that lead them there are blinding

Price action in currencies, commodities, and energy anticipates long-term safe passage through the Strait of Hormuz.

Bonds like a sidelined Fed. But no one likes the inflation consequences of sustained Oil prices, and their drag on growth. Stagflation gains popularity.

Expect an attack on 4.52 in the 10-year yield. However, a drop in May Crude Oil to 90 pushes the bears back into the 4.40-4.10 range.

Trump’s our Wonderwall

These views are mine. Join TMSpotlight and discover your Wonderwall.

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Song: Wonderwall (1995) Oasis

This podcast segment highlights the MBA’s push for VA loan reforms aimed at lowering costs, improving flexibility, and strengthening support for veteran homeowners.

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Adam DeSanctis, VP of Communications 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 program.

This episode dives into one of the most important shifts happening in the mortgage industry today: the rise of the “citizen developer” and the acceleration of AI-driven innovation. As technology evolves at an unprecedented pace, forward-thinking lenders are no longer waiting on vendors to build solutions—they’re creating their own. In this conversation, we explore how AI is empowering mortgage professionals to automate workflows, integrate new tools in hours, and fundamentally rethink how loan origination and servicing operate. From improving productivity to gaining a competitive edge in MSR strategy and recapture, this discussion highlights what it takes to stay relevant—and win—in a rapidly changing market.