In this week’s episode, we had the pleasure of hosting Mike Fratantoni, the Chief Economist and Senior Vice President of Research and Industry Technology at the Mortgage Bankers Association. Mike’s insights provided a comprehensive look at the Mortgage forecast on the origination dollar volume, unit increase, headcounts, and the effect of AI technology.

The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.

Hi, I'm Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, the CFPB published a spring edition of its supervisory highlights focused solely on mortgage servicing. The Bureau's report generally highlights improper assessments of fees and violations of the loss mitigation process and covers examinations that were completed by the Bureau from April 1st of last year through December 31st. Most of the findings appear to involve minor infractions that have been remediated by the servicer. However, MBA in a LinkedIn post by SVP of Residential Policy, Pete Mills, called out the Bureau's press release for its misleading and harmful rhetoric against mortgage servicers by inappropriately ascribing isolated incidents of noncompliance as a general state of the industry. The LinkedIn post, which can be read in full on Pete Mills page or as a repost on MBA's main LinkedIn page, Call the bureau's press release a “disservice to consumers by further sowing fear and distrust of their mortgage servicer”. Looking ahead, the bureau's expected to conduct potential rulemaking to amend the servicing rules of Regulation and be able to keep you updated on this in all issues pertaining to the bureau. That's it for this week. Thank you for listening.