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National Mortgage Professional Magazine - June 29, 2009 |
A View From the “C” Suite: Survivor
 - An article by MBS' David Lykken -
National Mortgage Professional Magazine – June 29, 2009 – “Survivor”... no, not the widely popular television show, though many similarities of people surviving a jungle and learning how to adapt to the current industry environment. But all of us that are still surviving in this industry and plan on seeing it through these tough times and look forward to getting to the more lucrative and positive territory again. We believe that this industry must pull itself up by their boot straps, continue to work hard and plan to change the mystery of this industry in order to gain back the respectability it deserves. The mortgage lending business has been a mainstay of the financial economic landscape for many decades, and consumers, as well as industry veterans, need mortgage lending to regain its position atop the financial services arena so people can purchase homes and be offered refinancing options to obtain the wealth rewards we want to achieve. |
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Bloomberg.com - June 24, 2009 |
Citi Halts Mortgage Applications
 - MBS' David Lykken Quoted by Bloomberg.com -
Bloomberg.com – June 24, 2009 – Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a review found that some property appraisals and income-verification documents were missing.
The suspension of correspondent lending is “a bold step” that may frustrate Citigroup’s mortgage-banking partners and put them on notice that the company will no longer tolerate incomplete loan submissions, said David Lykken, managing partner at consultant Mortgage Banking Solutions in Austin, Texas.
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Secondary Marketing Executive - May, 2009 |
The Warehouse Lending Drought
 - An article by MBS' Chuck Klein-
Secondary Marketing Executive – May, 2009 – Drought n. A long period of abnormally low rainfall, especially one that adversely affects growing or living conditions.
In order to effectively support the recovery of the housing market and continue to provide practical and affordable financing to the consumer, the mortgage lending industry must have an efficient and stable source of warehouse lending. As described by the Mortgage Bankers Association of America; warehouse lending is typically “a short-term revolving line of credit provided to a mortgage banking company to fund the closing of mortgages from the closing table to sale in the secondary market”...
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Austin, TX - March 5, 2009 |
Lykken on Lending - BlogTalkRadio.com
- MBS' David Lykken Hosts Weekly Mortgage Market Update Show -
Austin, TX – March 5, 2009 – Premiering on March 5, 2009 and begining weekly episodes as of March 16, Lykken on Lending is a weekly 30-minute show hosted by mortgage veteran and industry leader, David Lykken. The show, which can be heard on BlogTalkRadio.com every Monday at 10:00am (Pacific) / 1:00pm (Eastern), includes a variety of guests from the mortgage industry and covers a wide range of mortgage-related topics.
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Scotsman Guide - March, 2009 |
Branches Offer a Choice
 - An article by MBS' Andrew J. Schell, CPA, CMB -
Scotsman Guide – March, 2009 – Given the unprecedented changes in mortgage lending, it’s reasonable, prudent and essential for all mortgage companies to examine their business plans.
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Scotsman Guide - August, 2008 |
Read First, Then Sign on the Dotted Line
- An article by MBS' David Lykken-
Scotsman Guide – August, 2008 – Many mortgage brokers have an idealized view of what it’s like to
be a banker. Some simply think that by becoming bankers, they can make a lot more money and run their business how they want without any additional work.
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Scotsman Guide - August, 2008 |
Threats – and Their Top 5 Hiding Places
- An article by MBS' Andrew J. Schell, CPA, CMB -
Scotsman Guide – August, 2008 – In the mortgage industry, when brokers and business-owners think of risk management issues, they typically consider fraud detection and regulatory-disclosure compliance. There are many other significant issues that brokers should consider, however.
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Austin, TX - July 15, 2008 |
David Lykken LIVE on Fox Business Channel
- MBS' David Lykken Appears on FOX Business Channel's Bull & Bears -
Austin, TX – July 15, 2008 – As many of you are aware, MBS' David Lykken has become a frequent guest on FOX Business News with Neil Cavuto, Stuart Varney, Liz Claman and David Asman as well as having additional guest appearances on the CBS Evening News, and frequent quotes on Bloomberg TV and radio.
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Secondary Marketing Executive - May, 2008 |
REQUIRED READING: Everything You Always Wanted To Know About Hedging...
- An article by MBS' Andrew J. Schell, CPA, CMB and David Hopson -
Secondary Marketing Executive – May, 2008 – Market risk is a reality in any mortgage banking operation resulting from fluctuations in interest rates. Fluctuations in interest rates impact the market value of the applications in the mortgage bank's locked pipeline and the closed loans in the warehouse. A mortgage bank can mitigate this market risk by applying a hedging strategy.
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