Lykken on Lending
Created by mortgage professionals for mortgage professionals, Lykken on Lending is a weekly 60-minute podcast hosted by mortgage veteran, David Lykken, and co-hosted by Marc Helm. Joining the program each week is Adam DeSanctis with his weekly MBA Mortgage Minute, Les Parker with his Macro Market Update, Matt Graham with a weekly Market Update, David Kittle with Originations Update, Alice Alvey providing a Legislative Update, Allen Pollack with his weekly Tech Update. The weekly updates are followed by the Hot Topic segment, which is an in-depth discussion about one of the hottest topics related to the mortgage industry. The program can be heard live each Monday at noon central or downloaded as a podcast. Each week thousands of industry professionals have found this to be an effective way to stay up on all that is happening in the mortgage industry. This broadcast is provided to the mortgage industry as a public service compliment of Transformational Mortgage Solutions. We invite you to join us to listen and learn.
Episodes
11-18-2025 Will Gov't "Car Wash" The Facts
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Bulls might not ever get rich. But markets tell them they’re digging a ditch.
With the shutdown ending, government will wash the facts and the market will spin them. Will the Bulls get out of the ditch or will the Bears bury them?
3.80 in the 10-year yield happens if the Bears fail near term. How much does it depend on the action in commodities? Copper’s rise over the la...
This podcast segment covers recent Fannie Mae updates, including rep and warranty relief for undisclosed debts, extended credit document validity for construction loans, and a shift to a more holistic borrower risk assessment, enhancing access to credit and reducing buyback risk.
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Private lending is reshaping real estate investing—and few people understand that landscape better than Chris Lemons of Creative Financing Solutions (CFS), a division born from the powerhouse leadership team at Alcova. In this episode, Chris breaks down how today’s investors are navigating fix-and-flip opportunities, why wholesalers are disrupting inventory, and what smart lenders are doing to responsibly scale private lending whil...
Top-producing loan officers are often the last to adopt transformational technology—not because they doubt the value, but because they’re already operating at full capacity. In this episode, David Lykken and Pavan Agarwal break down the psychology behind LO resistance, the J-curve problem that slows adoption, and why traditional agentic AI models struggle to deliver real-world mortgage results. Pavan introduces a radically differen...
In this week’s Hot Topic, David Lykken sits down with Brian Vieaux, the newly appointed President of MISMO, for an eye-opening conversation about the future of mortgage lending. In a rare blend of industry insight and personal vulnerability, Brian shares how a life-altering family crisis reshaped his perspective just weeks before stepping into one of the most influential roles in housing finance. Together, David and Brian unpack th...
The Lykken on Lending Weekly Mortgage Update delivers expert commentary and timely insights from across the mortgage industry. Each episode features a curated lineup of respected thought leaders and analysts:
- Adam DeSanctis with the MBA Mortgage Minute, providing key updates from the Mortgage Bankers Association.
This podcast segment discusses the impact of the government shutdown on economic data, how private reports are driving market volatility, and the potential consequences for bond markets as government data resumes.
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Matt began as an originator in 2002. He fell in love with the idea of following ...
11-11-2025 Model Data Is “Feeling Good”
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It’s a new dawn. It’s a new day. It’s a new life, for facts. Data feeling good.
Using economic models to imitate government data results in moderation. Facts are messy while models are smooth. The void has also been filled with previously less public alternative data and analytics.
Upon the return of government data, a new world begins. There’ll be a recalibration to government st...
This podcast segment covers recent Fannie Mae updates, including rep and warranty relief for undisclosed debts, extended credit document validity for construction loans, and a shift to a more holistic borrower risk assessment, enhancing access to credit and reducing buyback risk.
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Is there really an AI bubble brewing? In this week’s AI Update, David Lykken and Pavan Agarwal dive deep into Michael Burry’s latest warning—drawing parallels to The Big Short while unpacking how today’s AI economy fundamentally differs from the 2008 mortgage meltdown. From NVIDIA’s massive chip-driven valuations to how depreciation schedules distort corporate earnings, Pavan breaks down what’s real risk, what’s market noise, and w...
The Lykken on Lending Weekly Mortgage Update delivers expert commentary and timely insights from across the mortgage industry. Each episode features a curated lineup of respected thought leaders and analysts:
- Adam DeSanctis with the MBA Mortgage Minute, providing key updates from the Mortgage Bankers Association.
In this thought-provoking segment of Lykken on Lending, industry leaders unpack the Fed’s “foggy” direction, the pressures lenders face from shrinking margins, and why the mortgage industry continues to repeat many of the same mistakes from past cycles. Drawing on decades of experience, voices like Bill Corbet, David Kittle, Marc Helm, and Alice Alvey tackle everything from subsidized pricing and technology inefficiencies to GSE ri...
This podcast segment explains the FinCEN rule extension on reporting non-financed real estate transactions, highlighting new compliance requirements for attorneys, realtors, and others involved in cash property deals.
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Alice Alvey, Master CMB
This podcast segment breaks down how the Fed’s decision to cut rates and end quantitative tightening left markets steady, with 10-year yields hovering near 4.1% as traders await fresh economic data following the government shutdown.
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Matt began as an originator in 2002. He fell in love with the...
In this week’s AI Update, David Lykken sits down with Angel AI founder and CEO Pavan Agarwal to discuss the stunning $120 billion valuation validated by Liquid X—one of Silicon Valley’s most respected IP valuation firms. Agarwal reveals how 25 years of engineering, $100 million in personal investment, and a deep foundation in vectorized data positioned Angel AI to succeed precisely where others now admit limits to “general AI.” The...
11-04-2025 Rates Down Time To "Paint it Black"
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Bonds see a red stat, and they want it painted black. No colors from gurus, Bonds want them to turn black.
With lenders subsidizing mortgage rates, our target of 6.125% was reached, while the 10-year yield touched 3.94%. Our bull target remains the same at 3.80 in the 10-year yield.
The declining chance of a Dec Fed cut, tame tariffs, and fiscal disci...
This podcast segment explains how the Mortgage Bankers Association is responding to the CFPB’s proposed open banking rule, advocating for stronger data security, consumer opt-in protections, and an end to risky screen-scraping practices.
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Adam DeSanctis, VP of Communications at Mortgage Bank...
The Lykken on Lending Weekly Mortgage Update delivers expert commentary and timely insights from across the mortgage industry. Each episode features a curated lineup of respected thought leaders and analysts:
- Adam DeSanctis with the MBA Mortgage Minute, providing key updates from the Mortgage Bankers Association.
This podcast segment explores AI adoption, vendor risk, data integrity, and new compliance challenges emerging from the MBA Annual Conference — plus a few surprising insights (and laughs) from the evolving world of mortgage technology.
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Allen Pollack, Tech Consultant
This podcast segment breaks down Freddie Mac’s new SOC 2 audit expectations, showing why lenders of all sizes must strengthen data security, internal audits, and operational controls to stay compliant and competitive.
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Alice Alvey, Master CMB
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