12
APR
2017
MarketLogics-Live

MarketLogics Live!

I am very happy to announce that MarketLogics™, our free, daily newsletter, is now featured on Lykken on Lending Radio each week. The newsletter includes: Our nearly-famous song parody’s Market Summary Interest Rate Outlook Volatility Outlook Yield Spread Outlook Long Term...
23
AUG
2016
Headging-Mixing-Similarities

How is Loan Hedging like Sound Mixing?

How intimidating is the world of pipeline hedging?  Have you ever stood before an audio mixing console in wonderment? The world of audio and hedge systems are related more than you may think. Mortgage originators want to price loans in such a way to make a profit margin. ...
08
JUN
2015
Good Bad Ugly of Market Conditions

The Good, The Bad and The Ugly on Future Market Conditions

In reviewing the current market conditions, consider three scenarios for the second half of the year: Good. The Fed tightens (of course, now some see it delayed to 2016, but I digress) before the deflation / currency collapse (not the Dollar), such action could actually lead to a...
27
MAY
2015
Quantitative Easing LoanLogics

Market Challenges

A major challenge ahead for the market is the transition central bankers policy.  A few years ago the G-20 was fairly much in sync on their plan for aggressive stimulation, specifically quantitative easing (QE). The difficulty for some was determining how and how much.  Now, the...
19
MAY
2015
QM Quality Mortgage Quality Matters

Data and Manufacturing Quality Matters

(Except from MarketLogics 5-18-15) Imagine that data quality and appropriate manufacturing of mortgage loans really do matter. Think about this quote from the NYTimes Opinion piece, Breaking Laws in the Mortgage Bubble. “The trial against Nomura and R.B.S. rebuts the...
05
MAY
2015
Power grid-utilities vs profit

Utility vs. For Profit

(Excerpt from MarketLogics 5/5/15) It is amazing how mortgage banking is so entrepreneurial, compared to the lack of innovation from the other industries that are government-regulated utilities. Think about airlines. How many think that the airline industry is making too much...
23
DEC
2014
Les Parker, CMB, SVP, Strategic Business Development

What is the impact of dropping Oil prices?

The classic economic interpretation of a drop in Oil prices is that it’s a boost to GDP. This is true enough, but it is also
22
DEC
2014
Les Parker, CMB, SVP, Strategic Business Development

Preparation for my full January 2015 Forecast

Ok, let’s think this through, ahead of the forecast we will publish the first full week of the New Year. Central banks across the globe have dramatically
19
DEC
2014
Les Parker, CMB, SVP, Strategic Business Development

Some Good News, Some Bad

Obviously the Bond just ran beyond its cover. It closed right at critical near term support. The business climate in German was disappointing to the Euro. No change in the fundamental near term picture. Here is an interesting look at
19
DEC
2014
Les Parker, CMB, SVP, Strategic Business Development

Inflation vs. Deflation

The more the world changes, the more it doesn’t. The European Central Bank (ECB) is saying 
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