01-13-2026 The New Rates are “Wide Open”
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Under the Trump tweet; Welcome to new rates; He’ll show us everything; With Spreads Wide Open.
Near Thursday’s close, Trump’s announcement that his representatives will buy $200 billion in mortgages pushed mortgage rates down 1/8, and Treasuries did not move. Premium users of dataQollab https://www.mbsmkt.com could see that there were plenty of small transactions behind the move.
The mortgage gains held on Friday after the noise of Jobs. Servicing values dropped slightly. Dealers need details; otherwise, bid/ask spreads will widen, and investors will take advantage of dependent lenders.
With spreads wide open
Wide open (Singer only)
These views are mine. Understand spreads at TMSpotlight.com.
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Song: With Arms Wide Open (1999) Creed
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities. Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.