05-05-2025 "I Can't Tell You Why" Margins Fell Apart

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Look at the markets, up all night

Tearing our loans apart.

Market chaos rips margins. Most hedgers can’t tell their superiors why the margins fell apart, forcing them to manage budgets dangerously.

Buyers bought 4.44 in the 10-year yield, leading to a bear trap and reviving the Bulls. Look for a sub-4% in the 10-year yield as it gains momentum. So, our 10-year yield target of 3.60 is back.

Every time, hedgers go sideways.

Something makes them change the way they trade.

Yet, they can’t tell you why

These views are mine. You can know why at TMSpotlight.com.

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Song: I Can’t Tell You Why (1979) Eagles

This podcast segment covers how Congress is moving closer to protecting borrower privacy by limiting mortgage trigger leads, with strong advocacy support from the Mortgage Bankers Association.

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Adam DeSanctis, VP of Communication 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 welcomes back Pavan Agarwal, CEO of Sun West Mortgage and creator of Angel AI, for an exciting conversation about the future of mortgage servicing. They dive into how cutting-edge AI technology is dramatically lowering servicing costs — down to as little as $4 per loan — while restoring true borrower partnership and care. By combining a revolutionary AI-driven servicing platform with a deep-rooted culture of compassion, Sun West is not only slashing operational expenses but also redefining what it means to serve homeowners, especially during life's toughest moments. Get ready to hear about a new era where technology and heart go hand in hand to transform the mortgage experience.