Shows
The Big PictureThe Big Picture - Featuring Kevin PeranioOn this week’s The Big Picture, Kevin Peranio, Chief Lending Officer and Partner at PRMG, joins the show to talk lending, leadership, and how mortgage companies can adapt to today’s shifting market. From balancing technology and customer experience to keeping teams motivated through volatility, Kevin brings an inside look at what it takes to steer one of the industry’s fastest-growing lenders.We dig into PRMG’s growth story, why accountability and innovation remain core to its culture, and what Kevin sees as the biggest opportunities for brokers and bankers alike. A four-time president’s cabinet me...
2025-09-0449 min
The MikedUp ShowLeading Lending Through Trust ft. Kevin PeranioThis week’s episode takes us through a deep, eye-opening conversation with Kevin Peranio, Chief Lending Officer of Paramount Residential Mortgage Group (PRMG). Kevin reflects on a career rooted in adapting, learning, and leading through nearly two decades of seismic shifts in the mortgage industry—from regional markets to nationwide lending cycles.
Kevin’s journey begins in 2001, when he helped expand First Magnus Financial throughout Texas and Florida. As both a launchpad and learning ground, these regional markets taught him the power of regulation, local demand dynamics, and credit evolution—especially as the Community Reinvestment Act influenced lending...
2025-09-0156 min
KP Talks Dollars and SenseConsumer Strain vs. Spending PowerConsumer Strain vs. Spending Power | KP Talks Dollars and Sense📍 Live from Corona, CaliforniaIn this episode, Kevin Peranio dives into the growing tension between consumer strength and financial strain in America. After returning from advocacy efforts in DC, KP unpacks the volatile bond market, shifting retail trends, and how tariffs are shaping our economy, inflation, and mortgage rates.💥 Are Americans stronger than they seem — or are we one step away from a debt disaster? How are bond yields, washed-out stocks, and China's economic tactics driving the markets? And what role do emotions play in financ...
2025-04-2127 minKP Talks Dollars and SenseBroke America’s Trade WarBroke America’s Trade War | KP Talks Dollars and Sense📍 Live from Washington, DC during MBA’s Advocacy in Action WeekIn this episode, Kevin Peranio unpacks the real reason behind America’s current trade war—and why tariffs may not be the villain or the hero. With 25% tariffs back on China and Mexico and a potential 90-day pause on the table, KP breaks down what this shift in trade policy really means for our economy, markets, and your wallet.💥 Are we heading for a consumption-based tax economy? Why is the Fed holding off on cuts despit...
2025-04-1428 minKP Talks Dollars and SenseRecession Fears and Market Shifts Ahead📉 Rates Drop, Markets Move, and Tariffs Hit—Welcome to Liberation DayKevin Perenchio comes to you live from Corona, CA, with a jam-packed update on markets, inflation, rates, jobs, and what Liberation Day really means for the economy. Rates are the lowest in five months, the housing market is buzzing, and the Fed’s next move could reshape everything.🚨 Tariffs, soft job data, falling rates, and global ripple effects—Kevin breaks it all down, no clickbait, just clarity.🎯 Episode Highlights⏱ 00:00 – Stock market dips, then bounces back. “I’m not a financial advisor, just here for the profi...
2025-04-0725 minKP Talks Dollars and SenseThe Dollar Weakens, What Comes Next?📉 The Dollar Weakens—What Comes Next?Live from Arlington, TX at The Mortgage Collaborative Event, Kevin breaks down the Fed’s latest move—and what it means for inflation, liquidity, and the economy.📌 Key Topics Covered:⏱ 00:00 – Is the Fed falling behind? Powell says they can’t predict the future⏱ 06:14 – April 2 = “Liberation Day” – Tariffs target the "dirty 15%"⏱ 11:10 – Consumer sentiment is down, but spending is up 6% YoY⏱ 16:37 – The Fed slows QT: From $25B to $5B monthly⏱ 23:25 – AI costs drop 99.6%—the labor market faces a “techno-chasm”📢 What do you think—Is the Fed falling behind or just playing it safe?🎧 L...
2025-03-3130 minKP Talks Dollars and SenseThe Fed’s Uncertainty CrisisIs the Fed Falling Behind? | KP Talks Dollars and Sense📍 Live from Arlington, TX at The Mortgage Collaborative EventIn this episode, Kevin Peranio breaks down the real takeaway from the latest Fed meeting—and it’s not what the headlines are saying.💥 After trimming over $2 trillion from its balance sheet, the Fed is now slowing down quantitative tightening. So, what does that mean for the economy, interest rates, and your money?Also in this episode: Why some say the Fed funds rate is now meaningless What SOFR and short-term yie...
2025-03-2422 minKP Talks Dollars and SenseLabor vs. Inflation: What It Means for YouTariffs, Jobs & Market Insights | KP Talks Dollars and SenseIn this episode of KP Talks Dollars and Sense, Kevin Peranio breaks down the latest on tariffs, the labor market, and economic policy. He explores how government spending, Treasury announcements, and the war on drugs are shaping inflation, interest rates, and housing trends.🔹 Tariffs as a tool in the war on drugs and immigration🔹 The latest updates on mortgage rates and the housing market🔹 Treasury refunding announcements and their impact on interest rates🔹 Jobs week insights and unemployment rate predictions🔹 Worker productivity and consumer spendi...
2025-02-1029 minKP Talks Dollars and SenseAI, Markets, and Mortgage Shifts This WeekAI, Inflation & Market Trends | KP Talks Dollars and SenseIn this episode, KP Talks Dollars and Sense, Kevin Peranio shares key insights from the Independent Mortgage Bankers Association Show in Austin. He covers AI’s role in deflation, mortgage rate trends, big earnings reports, and policy shifts impacting the economy.🔹 How AI is reshaping productivity and market competition🔹 The impact of tariffs, inflation, and labor markets on interest rates🔹 Mortgage lending trends and regulatory updates🔹 Stock market reactions and future economic outlookChapters:0:00 - Intro: AI’s Growing Role Beyond Chatbots
2025-02-0322 minKP Talks Dollars and SenseAI and Real Estate: Building the FutureThriving in 2025: Inflation, AI, and Multi-Generational WealthIn this episode of KP Talks Dollars and Sense, Kevin Peranio breaks down how inflation, technology, and homeownership shape our financial future. From Miami’s iconic Café Versailles, Kevin offers actionable insights on navigating the bond market, global economic shifts, and creating multi-generational wealth through homeownership.He highlights the critical role of small businesses, which drive 43% of the GDP, in powering economic recovery. With the debt ceiling reached and new policies on the horizon, Kevin explores their impact on housing, mortgages, and community growth.Kevin also sha...
2025-01-2721 minKP Talks Dollars and SenseResilience Through Inflation and WildfiresIn times of crisis—whether natural disasters or personal hardships—nothing holds more value than health and community support. This week on KP Talks Dollars and Sense, Kevin Peranio highlights the importance of coming together to support victims of the devastating Palisades and Eden fires, while also reflecting on his mother’s recovery from open-heart surgery.PRMG Cares, a dedicated 501(c)(3) organization, is leading relief efforts for fire victims, with a focus on generosity and compassion. Kevin urges donors to contribute thoughtfully—not just financially, but by providing quality donations that preserve the dignity of those affected. His hear...
2025-01-2025 min
Laugh, Lend and Eat2025 Mortgage Market Outlook w/ Kevin PeranioKick off Season 6 of Laugh, Lend and Eat with a powerful and insightful conversation featuring Kevin Peranio, Chief Lending Officer at PRMG. In this special episode, host Fobby Naghmi dives deep into the trends shaping the mortgage industry in 2025, including market predictions, the impact of inflation, and strategies for loan officers to thrive in a challenging environment. Kevin shares his expertise on building harmony between sales and operations, the evolving role of technology in lending, and actionable tips for mortgage professionals to connect with borrowers and close more loans.What You'll Learn in This Episode:...
2025-01-1546 min
Costa Mesa PodCosta Mesa Pod - Kevin Peranio of PRMG🌟 Hey Costa Mesa & Orange County! 👋🏼Exciting news! Kevin Peranio, Chief Lending Officer of Paramount Residential Mortgage Group, Inc. (PRMG), is making waves in the real estate and lending industry! 🏡✨Kevin is known for his forward-thinking insights and passion for helping people achieve their homeownership dreams. Don’t miss the chance to hear him share his expertise and connect with the real estate community in Orange County.And what pairs better with a great conversation about real estate than warm, delicious Tiff’s Treats? 🍪 Kevin swears by them so check them out too!#KevinPeranio #PRMG...
2024-12-1919 min
The Culture Matters PodcastSeason 60, Episode 708: Guest: Kevin Peranio: Passing on the Knowledge"The person that turns over the most rocks wins the game and that's always been my philosophy." - Peter LynchRockstar of the home ownership and mortgage space and Chief Lending Officer of PRMG Kevin Peranio is back on the program today to talk all things housing market. Kevin and Jay are unpacking the work it takes to curate your list of followers and keeping your reputation strong, passing on the knowledge of financial literacy onto the next generation, and sacrificing things you like to do that might not be conducive t...
2024-11-2742 min
Laugh, Lend and EatNavigating the Market with Confidence: Kevin Peranio on Abundance, Starter Homes, and the Future of Mortgage RatesEpisode Overview:
In this episode of Laugh, Lend, & Eat, we welcome Kevin Peranio, Chief Lending Officer at PRMG, who shares his wealth of knowledge about the mortgage industry. Kevin
dives into the importance of maintaining an abundance mindset, the challenges of homeownership for younger generations, and how industry professionals can
adapt to the evolving market. Known for his long-form social media content and on-the-road reporting, Kevin emphasizes the value of sharing knowledge and
creating positive energy within the industry.
Key Themes:
Abundance Mindset: Kevin discusses how adopting an abundance mindset helps industry p...
2024-09-1720 min
The Culture Matters PodcastSeason 33, Episode 386: Guest: Kevin Peranio: Optimal Professional Performance“Men build too many walls and not enough bridges.” - Sir Isaac NewtonAfter way too long of an absence, we have the Chief Lending Officer of PRMG Kevin Peranio back on the program today! After a little catching up and going through the challenges the COVID-19 pandemic provided, Kevin and Jay chat about what a useful tool LinkedIn can be, what being on the road is like and why taking the extra time to talk with people is so important, and why keeping up with the latest trends and techni...
2024-06-1446 min
Mortgage Manager PlaybookEpisode 253: NAR’s Settlement and Its Implications with Kevin PeranioKevin Peranio, Chief Lending Officer. Highlights include: no dual representation; industries are specialized; impact of buyer’s cycle time; mine your own database and master one thing. Kevin has been in the mortgage industry for over 25 years.
2024-04-2729 min
HousingWire DailyKevin Peranio on meeting the challenges of lending in this marketOn today’s episode, Editor in Chief Sarah Wheeler talks with Kevin Peranio, chief lending officer at PRMG, about the state of the market, what he sees for spring and the very specific challenges of lending in California.Related to this episode:
Connect with Kevin on LinkedIn
Paramount Residential Mortgage Group
How do you solve the California housing crisis?
The Gathering
HousingWire’s YouTube Channel
Enjoy the episode!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stor...
2024-02-2835 min
Coffeez for Closers with Joe ShalabyInnovating In the Mortgage Industry with Kevin Peranio | Coffeez for Closers with Joe Shalaby Ep. 3🎙️ Join us on this exciting episode of the 'Coffeez for Closers' podcast where we sit down with Kevin Peranio, the Chief Lending Officer and Partner at PRMG. In this insightful conversation, Kevin shares his journey in the mortgage industry, revealing the strategies and principles that have propelled him to the top of his field. Discover Kevin's unique approach to leadership and his vision for the future of mortgage lending. Tune in to hear from one of the industry's most influential executives and learn what it takes to be a closer in today's dynamic market.Welcome to "Coffeez for C...
2024-01-271h 05
Mortgage Marketing ExpertNow is the Time with Kevin PeranioIn this informative episode of Mortgage Marketing Expert, host Phil Treadwell invites guest Kevin Peranio to delve into the critical concept of market timing. As a seasoned industry expert, KP shares his insights on the common misconception of waiting for the "perfect" time to invest in real estate. They discuss how mortgage officers and realtors can effectively communicate to prospective investors and homebuyers that the ideal time to enter the real estate market was yesterday, highlighting the importance of taking action rather than waiting for the market conditions to align perfectly. The conversation pivots around the idea...
2023-12-2242 min
Mortgage Connects an MGIC PodcastSurviving market flux: Kevin Peranio's guide to navigating the mortgage terrain in 2024Special guest Kevin Peranio, chief lending officer at PRMG, reveals top strategies to thrive in the current interest rate environment amidst the challenges of the mortgage industry. He shares success stories and insights on how staying connected with clients, investing in personal development, and broadening knowledge about non-QM programs can pave the way for a successful career in the mortgage industry. As we navigate the ups and downs of the market, we discuss his tips and tricks to stay motivated and engaged. Kevin breaks down the importance of staying at the forefront of clients' minds a...
2023-11-2931 min
Batting 1,000 with Dale VermillionTaking control of your results with PRMG's Chief Lending Officer, Kevin PeranioIn this episode of Batting 1,000, Dale Vermillion sits down with Kevin Peranio ("KP"), the Chief Lending Officer at Paramount Residential Mortgage Group (PRMG). KP shares his insights on thriving in the mortgage industry despite the challenges of a high-rate environment. He emphasizes the importance of a better, faster, and more competitive approach, underlining the significance of personal value propositions, technological integration, and responsive customer service. KP also discusses the strategies that successful loan originators are employing, such as using multiple marketing technologies and focusing on debt consolidation opportunities. This conversation is packed with practical advice and industry...
2023-09-0553 minHousingWire DailyKevin Peranio on mortgage innovation and better days aheadIn today’s episode, Editor in Chief Sarah Wheeler talks with Kevin Peranio, chief lending officer at PRMG, about mortgage innovation and why he thinks 2024 is going to be an incredible year for mortgage lenders.Related to this episode:
Connect with Kevin on LinkedIn
Mortgage rate relief won’t come until end of 2023 (or later), housing economists say
HousingWire’s YouTube Channel
Enjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our...
2023-06-1636 min
CONNECT by California MBAConnect with Kevin Peranio, Chief Lending Officer, PRMGWelcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Kevin Peranio, Chief Lending Officer, PRMG
Topics of Discussion:
1:37 - I always like to start by sharing how someone got into the mortgage business. Tell us where you started?
3:45 - Being a leader during hot markets is much different than challenging markets, like we’re in today. What are some of the leadership values that can help companies in a year like this?
5:42 - You’ve had a long career in financial services, what advice would you giv...
2023-05-1316 min
Mortgage Innovators PodcastWhat will Kevin Peranio share at the 2023 Mortgage Innovators Conference? | Episode 73Today, on the Mortgage Innovators Podcast, we are thrilled to have the opportunity to sit down with Kevin Peranio and learn about the innovative strategies he will be presenting at the 2023 Mortgage Innovators Conference. From compressing time to reducing friction and scaling businesses, Kevin will be sharing his expertise on how to maximize success and efficiency in the ever-evolving world of mortgage. Watch or listen now to hear Kevin's insights on the importance of time and how to make the most of it!
2023-04-2509 minKP Talks Dollars and SenseEpisode 57: The value of stock equity and bond equity went downHolding onto mortgage-backed securities is like anchoring your vessel and weathering the storm.You can either watch the waves rise and fall as you mark to market, or you can hunker down and hold to maturity and you could switch mid-process.As the big money seeks safety in uncertain times, they may flock to treasuries like sailors seeking a sheltered harbor.This could cause treasury yields to drop and prices to rise, while stocks may suffer as investors shift their focus to bonds.The value of both stock equity and bond...
2023-03-1711 minKP Talks Dollars and SenseEpisode 56: HUD worked hard to give us a 30 bps cut for FHA loansAs the financial world holds its breath, waiting for the Federal Reserve to make its move, the question on everyone's mind is: when will they pause? The future seems covered in a haze of uncertainty, with no clear answer in sight. Will the Fed raise rates one more time? Three more times? 50 and then 25? It's like a game of roulette where nobody knows where the ball will land.HUD has worked its divine powers to bless us with a cut for FHA loans.A 30 basis point reduction in the monthly MIP was granted, r...
2023-03-1010 minKP Talks Dollars and SenseEpisode 55: KP attended the ICE Experience 2023 - Intercontinental Exchange last weekLast week KP attended the ICE Experience 2023 - Intercontinental Exchange.ICE is Intercontinental Exchange, they own Encompass which is the largest LOS for Independent Mortgage Bankers.KP met President George W. Bush. He did a little quick meet and greet at his PRMG swag on with the American flag.Jeff Sprecher, the CEO and founder of ICE Intercontinental Exchange was there with his wife Kelly Loeffler. The new CEO of ICE Mortgage Technology, Tim Bowler was also there. KP also met Ben Jackson (president of ICE), Jamie Siminoff (founder of Ring), C...
2023-03-0407 minKP Talks Dollars and SenseEpisode 54: It's been difficult for first-time homebuyers to find affordable housingHome prices have been rising making it more difficult for first-time homebuyers to enter the market.First time homebuyer age average went up to 36. Some reports are even saying 41.So when rates go higher, younger families can't afford to get into these higher-priced homes. There's demand, but not at higher rates. The Fed wants to crush inflation in housing components is a big part of it. New listings are decreasing in America.There's only 620,000 listings. The weekly listing data that Altus Research released shows that we are entering this year with a...
2023-02-2421 min
KP Talks Dollars and SenseEpisode 53: KP interviews his mentor, Barry HabibKP interviews his mentor, Barry Habib at the Momentum Builder at Caesars Palace Las Vegas.Barry shares his insights about the 517,000 jobs added in January. According to Barry, it wasn't 517,000 jobs. It was a loss of 2.5 million jobs, 2,505,000 jobs lost in the month of January.The government made a seasonal adjustment. Typically in January, you lose 3,000 jobs. So they attach that 3,000 job loss. We only lost 2.5 million. So that means we actually improved or gain 500,000 jobs. That's the government at work. There is another survey called the household survey. In this survey, what t...
2023-02-1010 minKP Talks Dollars and SenseEpisode 52: Consumer demand is about 68% to 70% of the economyIf the Fed were a doctor, they'd be writing a prescription to lower the patient's fever right now.Consumer demand is about 68% to 70% of the economy, and the gross domestic product (GDP). If things have a higher cost and there are higher interest rates because of the Fed's action, then the demand for those goods and services that are interest rate sensitive will come down.And when inflation comes down mortgage interest rates come down. So it's this whole domino effect. The MBA forecasted a recession for the first half of 2023.
2023-02-0411 min
Fintech HuntingSeason 4 Fintech Hunting Podcast #157 with the incredible Kevin Peranio Chief ending Officer PRMGThis is one episode of the Fintech Hunting podcast that you do not want to miss. Our guest is an industry thought leader, technology evangelist, lending guru, and content creator; please help me welcome Kevin Peranio, Chief Lending Officer at PRMG, back to the show. In this episode, we discuss a reset, spring purchase season, preparing for new market conditions, future success, first-time home buyer ages rising, going back to basics, technology, and much more.
2023-02-0122 minKP Talks Dollars and SenseEpisode 51: The 40% debt-to-income ratio is impossible to manageThe 40% debt-to-income ratio is impossible to manage.The Federal Housing Finance Agency (FHFA) announced further changes to Fannie Mae's and Freddie Mac's single-family pricing framework by introducing redesigned and recalibrated upfront fee matrices for purchase, rate-term refinance and cash-out refinance loans.The good thing is that the Mortgage Bankers Association is going to push back on that.34% were the savings rate in China for their Zero-COVID policy or lockdown in 2022.China has saved $2.7 trillion. JPMorgan Chase estimates that there's over $860 billion in excess money by Chinese citizens ready to be spent.
2023-01-2809 minKP Talks Dollars and SenseEpisode 50: There's a massive lack of supplyThere's a massive lack of supply.There are old neighborhoods that need to be gentrified. There's people that are moving from much larger markets to sell their higher-priced stuff.So we're trying to build supply. So we've seen home prices come down.Revolving debt increased to $1.2 trillion.A pretty high amount in the month of November to December, like a 68% increase.So we're starting to see some balance sheets feel a little strapped.We have not seen the job market really take a hit yet. There are...
2023-01-2111 minKP Talks Dollars and SenseEpisode 49: We had a Goldilocks jobs reportWe had a Goldilocks jobs report.So a little bit more jobs were created than expected, but not a lot more.We seem to have eased off a bit because it wasn't a super hot, tight job market.A lot of those jobs created were temporary jobs and wage inflation actually got reduced a little bit.So is inflation softening? We're going to find out with some more data on Thursday this week with the CPI (Consumer Price Index). It's not the Fed's preferred measure, but almost 40% of it i...
2023-01-1403 min
Loans On Demand Podcast74: Kevin Peranio - What are the 7 ”D”s?Today, we're joined by Kevin Peranio. Kevin is the Chief Lending Officer at PRMG, Inc. from Newport Beach, California, with over 20 years experience.
Kevin is here to discuss the 7 "D"s, why branding is important, and why being first to the client is crucial.
PRMG Website: www.prmg.net
Kevin Peranio's LinkedIn: @KevinPeranio
Kevin Peranio's YouTube: @kevinperanio
Learn more about the Direct to Consumer LO Accelerator here.
Loans On Demand Website: www.loansondemand.io
Loans On Demand YouT...
2023-01-1259 minKP Talks Dollars and SenseEpisode 48: The amount of our budgets are estimatesThe amount of our budgets are estimates.You get either less money coming in or overspend. On this last round, we were like 5.5% equivalent GDP, either underfunded or over budget. And 2.5% of that came from the Department of Education because we've been forgiving or canceling or pushing back the payment of student loans to our government.The equivalent of 2.5% of our GDP is unfunded by the government. It's something called fiscal drag. When there's less money coming in and there's less money being spent by our government, it is a drag on the economy.
2023-01-0620 minKP Talks Dollars and SenseEpisode 47: We have a shrinking negative money supplyWe have a shrinking negative money supply because of the actions of the Fed to fight inflation.And that hurts interest rate-sensitive industries like our industry. And so people in their relationship with money have a lot to do with how well they do in life or with their businesses.Some people are more aggressive with their money. Some people don't like to lose money. We've seen companies fold up tents, shut down entire wholesale channels, or some of the non-QM lenders not have enough liquidity and go bye-bye overnight.Home affordability is...
2022-12-3011 minHousingWire DailyPRMG’s Kevin Peranio on why he’s bullish about the mortgage business going into 2023On today’s episode, Editor in Chief Sarah Wheeler talks with Kevin Peranio, chief lending officer at PRMG, on why he's bullish on the mortgage business going into 2023, and what loan officers can do right now to make it a great year.HW Media articles related to this episode:Inflation slows to 7.1% in November, a boost for the housing marketEnjoy the episode!HousingWire Daily examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are he...
2022-12-2937 minKP Talks Dollars and SenseEpisode 46: CPI was good!CPI was good!Two CPI prints in a row were showing inflation to roll over. 39% to 40% of the CPI print is housing. Rent, owner equivalent rent, lodging away from home. It's a big portion and it's lagging data over the last 12 months.Housing isn't a big component of the PCE. If there's a beat on this PCE, then that's yet another piece of data that shows inflation is rolling over and coming down, which is generally positive for the markets.When inflation and the price of goods come down, our wages h...
2022-12-2311 minKP Talks Dollars and SenseEpisode 45: December is generally a very good month for the stock marketDecember is generally a very good month for the stock market.If the market has been bearish and we know our CME tool that we look at all the time. You can go to CMEGroup.com and you can see what the Fed's future rate outlook is.Everyone thinks it's going to be like a 73.5% chance as I'm recording this that there'll be a 50 basis point rate hike announced and only a 26.5% chance that it will be 75 basis points.The CPI could change dramatically, depending on what the Fed says and what the...
2022-12-1619 min
Talk Data To Me | Certified CreditTackling 2023 & Beyond with Kevin Peranio [Episode 19]For many in the mortgage industry, 2022 was the tail of two halves. In the first half of 2022, we saw record volumes, historically low rates, and a booming market. As we wind down 2022, we are seeing significantly higher rates, industry-wide layoffs, and low consumer confidence.
So, what can you expect in 2023? What should you be doing to prepare for the coming year?
During this episode of Talk Data to Me, our data nerds connect with Kevin Peranio, Chief Lending Officer at PRMG – exploring the impact of 2022 on the 2023 mortgage market. They also discuss ways lenders, vendors, and al...
2022-12-1339 minKP Talks Dollars and SenseEpisode 44: The Fed is trying to mold and shape inflationThe Fed is trying to mold and shape inflation.Which then molds and shapes our interest rates.They have blunt tools. They have quantitative tightening. They can sell off their balance sheet that they have or let it run off and buy less mortgage-backed securities and treasuries. They can raise the Fed funds rate.The Fed has said they are going to be data-dependent. And that data is showing that things have rolled over.We might end up with maybe a 4.5% terminal rate, maybe as high as 5%.If we...
2022-12-1021 minKP Talks Dollars and SenseEpisode 43: Barry Habib of MBS Highway breaks down the PCE numberBarry Habib and his team at MBS Highway really break down the PCE number.He said that the PCE has less waiting on housing, which we all know there is still inflation there.There's certainly inflation year-over-year. It's a lag effect.But the PCE is more of a consumption expenditure. So people are spending less on rent. There's less owner-equivalent rent.There were over 280,000 jobs lost for the October jobs report.It didn't come out as a net loss because there is this wonky birth/death uptick in that...
2022-12-1021 minKP Talks Dollars and SenseEpisode 42: We have 50% higher listings on the market right now than a year agoWe're up 50% higher listings on the market right now than a year ago but 36% under pre-pandemic levels in 2019.There are more listings that have been coming on the market because there's less demand with higher interest rates.People pull their listings off the market because it's Thanksgiving all the way through the holidays and then into the New Year. And then you start to see things come back around.Retail sales were up. Retail sales were good.1.3% was the month-over-month increase and generally pretty good.The consumer is still...
2022-11-2611 minKP Talks Dollars and SenseEpisode 41: Higher Rates, Fewer Sellers - What's Impacting Real Estate Markets?Instead of a 75 basis point rate hike, it's only seen as a 50 basis point rate hike for the December 14th meeting.So it's like an 80% chance now and then the February 1st meeting, then after that is only another quarter. So that gets our top line number at 4.5%. The market rallied. Some people think it was a technical bounce or a bear market rally. If a market is oversold and the bears were in charge, there's a lot of bear sentiment and there just weren't as many buyers because everyone was selling.We h...
2022-11-1921 minKP Talks Dollars and SenseEpisode 40: Global Central Banks Softening Stance? The Surprising Pivot You Need to Know!Do we have a central bank pivot?Not just with the Fed but the banks around the world. We saw Australia and England and Canada, all their central banks making moves that seemed to be a little bit soft. They've been softening, not as hawkish.The Fed had a hawkish tone during the Federal Open Market Committee meeting.There was about 450,000 birth/death added.And then the 60,000 survey component of the BLS report for the October jobs showed that about 400,000 plus jobs of the high-income earners were lost on that report.
2022-11-1221 minKP Talks Dollars and SenseEpisode 39: Game Changer Alert: The New Credit Scoring System You Need to Know About!The credit scoring is changing.We usually do a tri-merge credit report for loans that are funded. That's three bureaus Equifax, TransUnion, and Experian.Now you only need two. It's a FICO 10T report with trended data and a VantageScore report and their 4.0 algorithm. That will change the game, two years to implement.The Fed pivot used to mean we're raising, now we're cutting.The first phase of that pivot is maybe they're raising in smaller increments like a 50.Phase two is a hard pause, no more raising.
2022-11-0821 minKP Talks Dollars and SenseEpisode 38: Market Volatility: Is It a Temporary Phase or Here to Stay?This is a very volatile market.I may be wrong for three months and things may come back down. But if it's 3 to 4 months of very volatile 10-year Treasury costs that will cause a little bit of upward pressure on interest rates.So inflation is still the number one target for the Fed right now, and that will continue to cause upward pressure on bonds, treasuries, suck money out of the stock market, and equities.JPMorgan Chase is sitting on $1.2 trillion in cash! That includes their loan loss reserve.The entire...
2022-10-2918 minKP Talks Dollars and SenseEpisode 37: The Fed's Dilemma: Tight Labor Market vs. Inflation - What's at Stake?The earnings season has kicked off!Will companies start to talk about hiring freezes? Will we see our unemployment rate go up?The Fed doesn't want to see a really tight labor market with tons of jobs available, which require higher wages, exacerbates the inflationary problem, and eat away at all of our abilities to buy goods and services.You can now officially apply for student loan forgiveness.If you have a student loan and you qualify for certain forgiveness, it would make it a little bit more affordable for you...
2022-10-2111 min
Lykken on Lending10-19-2022 Making The World Of Lending A Better Place Through Educational Videos With Kevin PeranioThere are a lot of educational resources to learn from when it comes to the lending industry. You can read up on books or listen to podcasts about the state of the markets. But most importantly, you can attend the right conferences. But what happens if you can't attend? Don't worry because the guest today, Kevin Peranio, has you covered. Join David Lykken as he talks to Kevin about the market and why he creates educational video content. Kevin is the Chief Lending Officer at PRMG, Inc. His main goal with PRMG is to enhance the overall customer experience...
2022-10-1927 minKP Talks Dollars and SenseEpisode 36: Fed's Green Light for a 75 Basis Point Hike in November - What's Driving It?There are 263,000 jobs created in the October jobs report.The participation rate actually went up overall by about 63.5%.We have a strong, tight labor market, which is not giving up. The unemployment rate went down, which gives the Fed the green light to hammer another 75 basis points at their meeting in November.The administration has been pushing a fair housing agenda. To try and serve the underserved and get them into houses.What's not consistent with that message is that the Fannie Mae and Freddie Mac (GSEs) are hammering repurchases.
2022-10-1810 minKP Talks Dollars and SenseEpisode 35: Weather vs. Housing: The Shocking $250 Billion Problem You Need to Know About!Housing has a problem with weather incidents.This is not a political statement. It's a factThe Harvard Joint Center for Housing Studies put out articles all the time talking about the potential losses for our industry with any kind of weather instance. Whether just normal storms, rains, or even major hurricanes like we just had with Hurricane Ian.Over $50 billion and counting in damage, it could run up a total of as much as $250 billion.Inflation has been the last target for the Fed to tackle.Which is...
2022-10-1311 min
The Mix Down by Mortgage ChampionsHow to succeed in any market, a conversation with Dale Vermillion and Kevin PeranioIn this episodeLong-time friends and industry leaders, Dale Vermillion, CEO of Mortgage Champions, and Kevin Peranio, Chief Lending Officer, PRMG as they discuss their passion for helping people achieve the dream of homeownership, their top tips to find motivation and achieve success in today’s housing landscape, and expert advice on how to continue growing in 2023.This conversation was co-produced by Mortgage Champions and ICE Mortgage Technology to provide for timely, expert advice for lenders and originators to navigate a changing mortgage landscape. This conversation was recorded at the ICE Mortgage Technology 2023 Sales and Se...
2022-10-1221 minKP Talks Dollars and SenseEpisode 34: Inflation or Not? The Dollar's Surprising Strength in the Housing MarketLatino homeownership is the fastest-growing segment of first-time homebuyers in America.We buy and sell money in the mortgage business. That is what mortgage-backed securities are.The Fed is going to squash inflation. They are going to crush inflation. That is what they are going to do.Inflation was not transitory, but the dollar is strong.People don't know what price to pay for an asset because the market is moving in what's called a market shock.Lenders have to have really deep pockets to weather margin calls and...
2022-10-0119 minKP Talks Dollars and SenseEpisode 33: Affordable Homeownership: Can We Improve the Cost of Owning a Home?There is a racial equity gap in homeownership. There's a 30% gap, 72% versus 42% homeownership between whites and blacks.We can do better. We can make things better. Owning a home has been very expensive. The stock market sold off hard and broke below 3,900 S&P resistance level.It's a purchase season, but listings are down and they're down even earlier than they typically dip in a purchase season.People are listing their homes less and less. There are less people listing.With rates going up super quick, the Fed continues...
2022-09-2319 minKP Talks Dollars and SenseEpisode 32: Government Spending's Role in the Economy - The Key to Inflation Reduction?Gas prices have fallen.Demand by consumers over the summer, and the peak travel season was down as well. So we could get an August read of a negative CPI number.Remember, these indexes, indices, are 12 monthly readings in a row. And you take the 1 from 12 months ago and you replace it with this one.Government spending is about 20% of GDP.Infrastructure Bill, aka the Inflation Reduction Act and the CHIPS Act were passed this year. But government spending is down about 12 to 15% and government spending is 20% of the overall gross...
2022-09-2111 minKP Talks Dollars and SenseEpisode 31: Inflation Peaks? The PCE vs. CPI Battle - What's the Key Indicator to Watch?The Fed raised interest rates to 75 basis points!They're going to look and see if inflation peaked.The PCE is a really big indicator. PCE and CPI are core readings of inflation figures of what consumers pay.The Fed got rid of $20 billion of mortgage-backed securities off their balance sheet.They own something like $2.7 trillion just in mortgage-backed securities. $20 billion in a week and they're supposed to do something like $95 billion a month of quantitative tightening between treasuries and mortgage-backed securities.That is tightening liquidity in the system and...
2022-09-1019 minKP Talks Dollars and SenseEpisode 30: The Fed's Action Plan: How Long Until They Tame Inflation and Its Market Impact?Everyone is talking about the Fed pivot.And it comes in three stages. The first Fed pivot is lower increments. They've been doing 75. Fed Chairman Jerome Powell said that they got to fight inflation.Now it's a 68% chance or more of a 75 basis point rate hike. So stage one of the Fed pivot looks like lower increments.Time is money.So to me, talking about time is just like talking about money.The duration of how long it's going to take for these Fed actions to crush demand and...
2022-09-0311 minKP Talks Dollars and SenseEpisode 29: Fed Funds Rate Predictions: Betting on 75 vs. 50 Basis Points - Who's Winning?The CME has what is called a futures indicator of the Fed funds rate.So you can buy futures, basically place bets on whether the Fed will make a 75 basis point rate hike or a 50. 100% of the bets have one of those two choices.Everyone thinks the Fed is going to hike at least 50. I think they'll do the 75. That's my opinion, not because it's slightly favored, but because inflation can come back.Inflation is the invisible tax that will take away everyone's money.The amount of money on balance sheets...
2022-08-2711 minKP Talks Dollars and SenseEpisode 27: 3.5% Unemployment Rate - Is It All Good News?There are something like 300,000 part-time jobs, according to Dan and Barry of the MBS Highway.So it could be a little crack in the data that maybe not as good, but there are still jobs and there are still income.The report came out and that's the headline number and we're down to 3.5%. It's like a 52 year low since 1969 or something like that, with those 528,000 jobs created. So the labor force shrank, which of course there are people that retire and leave the labor force and maybe decide not to work or whatever...
2022-08-1911 minKP Talks Dollars and SenseEpisode 28: How an Adverse Market Fee Affected Home Affordability!Forbearance data has decreased to 0.74% in July.A year ago, previous FHFA director Mark Calabria, hit the entire industry with a 50 basis point adverse market fee. A tax on the American homeowner of 50 basis points.Can we imagine what rates would be like right now when home affordability, according to the National Association of Realtors in June, hit like the lowest number in two decades or some crazy three decades?Do you imagine, what 50 extra basis points would be doing right now when we had the fastest rise in interest rates at the...
2022-08-1921 minKP Talks Dollars and SenseEpisode 26: The Unseen Cracks in Consumer Demand: Is the Fed Doing Enough to Prevent a Recession?70% of GDP is consumer demand.75% of that consumer demand is spent on services.Maybe sentiment is negative, maybe credit card debt is increasing, but there's still tons of consumer spending on services, and a lot of our jobs are services.So are we seeing cracks in there? Has the Fed done its job yet?After contracting at an annualized rate of 1.6% in Q1, GDP shrunk in Q2 by 0.9%.The reason inventories reduced the Q2 GDP by two points. Similarly, net exports boosted GDP by 1.43 points after reducing it by 3.23...
2022-08-0917 minKP Talks Dollars and SenseEpisode 25: More People Working Two Full-Time Jobs Than Ever - What's Happening?There are more people working two full-time jobs now since the data was collected in 1994.This means, there are more people working two jobs of 70 hours a week or more. So the jobs have not been getting lost and they have not been shed at a mass scale yet.So it's hard to decide whether we're in a recession or not when job strength is so good. But wage growth has started to decline, but so has inflation a little bit, but still very high. So the price of goods and services is still high.
2022-07-3017 minKP Talks Dollars and SenseEpisode 24: Shocking ECB Rate Cut! Will the Fed Follow Suit with a 100-Point Slash?The European Central Bank announced that they are cutting 50 basis points, which was twice as high as people thought at 25 basis points.Next week, the Fed has their announcement. It's widely expected at least 75 basis points. But some people think it maybe 100 basis points. We're seeing home sales slowing still at an elevated pace, but it's slowing. So it's less good news. That's the result of higher interest rates, which we saw, starting at the beginning of this year. So the economy will feel those effects as the Fed bonds and banks have higher interest...
2022-07-2206 minKP Talks Dollars and SenseEpisode 23: Cracking the Code of Private-Label Securities: What's Behind the Liquidity Curtain?Private-Label Securities or the PLS markets are less liquid and there are less buyers.When you securitize a loan of any type; you close, you fund, you kind of pool a bunch of them together. And then once you create your security, then you go out, and sell it on the market. Securities Industry and Financial Markets Association or SIFMA is a trade organization that kind of sets out regulations and it sets a schedule.Wage-price spiral is a proposed explanation for inflation.As wages continue to go up in this...
2022-07-1918 minKP Talks Dollars and SenseEpisode 22: Is the Economy on the Verge of a Major Shift?Liquidity and credit are the next two big things to watch besides labor. If labor started to crack and the Fed is raising interest rates, maybe there's another 75 basis points for sure coming at the July meeting. And then there's another meeting by September. That is making credit more expensive.There's a difference between credit and cash. Cash on hand is cash. Credit is what banks are willing to offer and extend. And if there's less credit out there because it's more expensive or if more expensive credit causes consumers to buy less goods and...
2022-07-1120 minKP Talks Dollars and SenseEpisode 21: Growth vs. Value: The Evolution of Tech Giants in the Russell Index!FHFA made a 50 basis point fee inside universal mortgage-backed securities!This has threatened the fungibility of universal mortgage-backed security.We used to have different kinds of coupons depending on which GSE was buying the loan. So you had either Fannie coupons or Freddie coupons. You still have Ginnie coupons.I've said it before that the secondary market is cold, heartless, and unforgiving. And we now have this cold, heartless, unforgiving 50 basis point fee that is inside securities now.The Russell Index 1000 and 2000 are basically small businesses around America.Some...
2022-07-1121 minKP Talks Dollars and SenseEpisode 20: Will The Rising Costs of Food and Energy Slow Down the Housing Market?Quad witching is different than triple witching. Options contracts and futures contracts are expiring on the third Friday of every month. That's called quad witching.Credit makes the world go round and credit depends on liquidity.Food and energy have continued to rise and putting a real damper on things.Will housing slow down as a result of it? Has the Fed gotten so far out in front of where the economy is heading? Are we in a recession already or will we be heading into it? Will we skirt it?
2022-06-2519 minKP Talks Dollars and SenseEpisode 19: The Invisible Tax We All Pay: How Inflation Is Impacting Your Financial FutureThe markets have sold off.It's been a violent, volatile last couple of sessions and the reason is inflation.Inflation is an invisible tax on all of us. It will eat and erode the strength of the dollar. It will cut into your budget, it will tear everything that you do apart. Interest rates for mortgages have gone up. Home price sales have gone down. The Fed cannot control food and energy, which is 20% of all of our inflation.Inflation has impacted far beyond the reach of the Fed and its...
2022-06-1721 minKP Talks Dollars and SenseEpisode 18: Debunking the 9-Month Supply Myth in the Housing Market - What's the Real Story?We've seen data saying existing home sales are down.And you hear this nine months supply number. But our good friend Logan Mohtashami, the lead housing analyst at HousingWire basically broke that nine months down, six of those months are homes that started new construction but were not yet completed.We're seeing some of the sellers and listing agents change their strategy and wait for the numbers to come down to see a little bit more reasonable and good prices.Wage inflation was up year-over-year, but it was up less than the prior...
2022-06-1321 minKP Talks Dollars and SenseEpisode 17: Housing Supply vs. Money Supply: The Unseen Connection That's Impacting Us AllCash supply and money supply are shrinking!That's what the Fed is doing. They are shrinking the money supply. We're in quantitative tightening.We've all experienced a lack of supply in housing. There is an opposite effect when you have less supply and overwhelming demand. The demand for U.S. dollars across the world.Don't think just about us and our economy. Think about the rest of the world.The demand for U.S. dollars across this country is enormous.Across the global economies and even greater. So that...
2022-06-0405 minKP Talks Dollars and SenseEpisode 16: Historic Appointment: Sandra Thompson, First African-American FHFA Director - What Lies Ahead?Congratulations to Sandra Thompson, the new FHFA Director!She's the first African-American female to be appointed to this position, which is quite an accomplishment.We're seeing wealth gap widening, and the divergence of haves and have nots. We’re also seeing some softening in maybe some of those 11.5 million job openings from the JOLTS reports.Some people may start to lose their jobs. We're starting to see some layoffs announced by some major corporations, in the headlines. Will that continue going into the second half of this year?Stay up-to-date on all...
2022-05-2811 minKP Talks Dollars and SenseEpisode 15: BlackRock's Cash Holding Strategy: What Does It Mean for the Economy?BlackRock is holding cash with two hands!70% of the economy is based on consumer spending. Our consumers are still holding their cash. They're still in a good spot. But we have to continue to watch the haves and the have-nots.There's been a labor hoarding going on. Cathie Wood from Ark Invest says that a lot of people have been hiring kind of as fast as they can because the employers don't want to pay for higher wages that have been going up the last year.ICE (Intercontinental Exchange Inc) entered into an...
2022-05-2115 minKP Talks Dollars and SenseEpisode 14: What's the Hidden Story of -1.4% Growth in Advanced GDP?Advanced GDP has a lot to do with inventory and trade. It was anticipated to be 1% growth and it came in at -1.4%.So no one is saying that the final Q1 GDP will be negative. That doesn't mean that it won't.Inflation is still high and persistent so the term stagflation is one where you've got stagnant growth. Not necessarily recessionary growth but just maybe flat. 1% growth is still growth.Mr. Wonderful, Kevin O'Leary from Shark Tank is calling blockchain technology the 12th sector of the S&P.Some of...
2022-05-1424 minKP Talks Dollars and SenseEpisode 13: Sustainable Growth or Slowdown? Understanding the Pace of Economic ExpansionThere's growth, slowing growth, and flat-out recession. Recession or the R-word is a very good thing for our business because there's a ton of refinances, low-interest rates, and we start booming.But right now, we're in that in-between zone, where the expansion of the economy is slowing. We're still expanding. We're still growing.Our economy is 19% larger now than in 2019. Homeowners have seen rapid appreciation, probably no less than 12% in any market, some markets as high as 28% year-over-year.This pace of growth is unsustainable so it will slow down. But slowing growth is...
2022-04-2908 minKP Talks Dollars and SenseEpisode 12: How Even 0.1% Matters in a Booming Economy - Find Out Why!We may be entering the later innings of an expansion but we are still an economic expansion. Will the fed slamming on the brakes slow down our expansion? Will the debt cycles be shorter now?Typical debt cycles go from 5 to 7 years. It's been just over 2 years since we crashed .1% GDP or even half percent GDP is still growth.The credit markets are super important to the growth of our economy. We have not seen credit shrink quite yet. As the 10-year yield gets up over 2.8%, the spreads widen and banks tend to make more...
2022-04-2208 minKP Talks Dollars and SenseEpisode 11: The Battle for the 10-Year: How the Fed's Fight Against Inflation Could Impact ItWill the 10-year go up? Will it matter what the Fed is doing? The Fed is now trying to fight inflation. We are at full employment as an economy. Our jobless claims, which is kind of like a vis-à-vis layoff indicator, is at its lowest since the 60s. We have over 10 to 11 million jobs open that people are not taking. That's what the Fed is going to do.The public is talking about the plan of attack for quantitative tightening. So the idea and the consensus is that at the May 4th meeting by the Fed t...
2022-04-2121 minKP Talks Dollars and SenseEpisode 10: Breaking Down the Characteristics of Non-Qualified Mortgages - Are They Right for You?A non-qualified mortgage was defined as such by Dodd-Frank when that legislation was passed. Subprime loans absolutely wrecked Fannie, Freddie, and Ginnie and everything that was going on. And Fannie and Freddie used to buy loans that were considered subprime. So in part of Dodd-Frank, what they did is they define what is a qualified mortgage versus a non-qualified mortgage.A non-qualified mortgage has certain characteristics like possibly interest-only, maybe has a balloon payment, doesn't meet Fannie Freddie guidelines, for example, you could have a foreclosure today and buy a home tomorrow and you could do a...
2022-04-2108 minKP Talks Dollars and SenseEpisode 9: Billionaire Tax: Exploring the Wealth Tax Proposal - Will It Impact the Ultra-Wealthy?We have seen a meteoric rise in interest rates. It is one of the quickest rate rises we've seen in a long time, and that's because it's kind of run in parallel with inflation being hot and the economy running hot. And, Jerome Powell, the Fed chairman, would like you to keep the word inflation out of your mouth because he talked about it being transitory.The big headline was the billionaire tax or a wealth tax. So basically, if you have $100 million or more in assets, or if you're making $100 million and you don't pay 20% tax...
2022-04-2119 minKP Talks Dollars and SenseEpisode 8: Unraveling the Mortgage Collaborative: What's Behind This Lender Network?What is the mortgage collaborative? It is a group of lenders that are here to talk about what's working, and what's not working. How are we going to face margin compression? Which vendors and partners are delivering great CRM? What are we all dealing with out here as professionals? That is the point of collaborating.Fed Chairman Jay Powell said that they assumed that the supply chain would get better. They assumed that inflation would get under control. He basically said they were wrong. They went from a 2% target back in June 2021, and now we're up at...
2022-04-2106 minKP Talks Dollars and SenseEpisode 5: The Interconnected World: Understanding How Russia's Actions Influence Interest RatesWe are an interconnected global economy. And whether we like it or not, Russia is part of that society. They're part of the UN Security Council. They are a major global force, as it relates at least to oil and gas. And so there will be repercussions. But for now, the flight to safety has created lower interest rates.And for housing, that's a good thing. It helps with affordability. We saw the ten-year touch around 2% and it kind of hovered around there for a couple of trading sessions. It came down to like 1.82% or 1.84%. So this...
2022-04-2121 minKP Talks Dollars and SenseEpisode 6: Economic Turmoil: The Impact of Russia's Crude Oil and Currency on Global MarketsRussia invaded Ukraine. How will it impact us and housing and the broader economy? The interest rates actually improved, it got better, lower and the stock market rebounded on the same day when Vladimir Putin and the Russian army invaded Ukraine. Why? The secondary market, the equity markets, and anything having to do with money is cold, heartless and unforgiving. And it's a sad state of affairs. But the reality is, our markets don't care. They keep on going. Life goes on.The ruble got annihilated to its lowest level in years and came down 6...
2022-04-2107 minKP Talks Dollars and SenseEpisode 7: Unemployment Hits Record Lows: What's Next for the Strong US Economy?We are at a 3.8% unemployment rate. 12 of our 50 states in December have had the lowest unemployment rate ever. We have over 11 million job openings. The economy is strong. With the Russian invasion of Ukraine, there is a heightened sense of inflation. There's a sense that unexpected inflation may be worse than we think.Could the ripple effect of Russia affect us? Russia is the 11th largest GDP nation in the world, a G20 nation, the ripple effect is large and there's a contagion.People are talking about a recession. We know that earnings will slow...
2022-04-2124 minKP Talks Dollars and SenseEpisode 3: Consumer Sentiment Drops to Decade-Low: What's Shaking Up Confidence?We recently had our sales rally for both the retail and the TPO channels with correspondent wholesale at the Balboa Bay Resort. We rewarded all of our top originators, top branch managers, county executives, regional managers, divisions, and everybody who worked hard in 2021. It's a great event!We had a big CPI inflation read. What consumers are paying for like goods and services, rent, and housing, which make up 43% of CPI. The rent was up 17% year-over-year. If you take out food and energy, the core CPI is 6%.Uncertainty reigns supreme as Russia is trying to...
2022-04-2118 minKP Talks Dollars and SenseEpisode 4: Russia's Invasion of Ukraine: A Shocking Impact on Interest Rates and StocksRussia invaded Ukraine. How will it impact us and housing and the broader economy? The interest rates actually improved, it got better, lower and the stock market rebounded on the same day when Vladimir Putin and the Russian army invaded Ukraine. Why? The secondary market, the equity markets, and anything having to do with money is cold, heartless and unforgiving. And it's a sad state of affairs. But the reality is, our markets don't care. They keep on going. Life goes on.The ruble got annihilated to its lowest level in years and came down 6...
2022-04-2111 minKP Talks Dollars and SenseEpisode 2: The Wage-Inflation Conundrum: Why Hourly Wages Are Growing But Prices SoarThere were 467,000 jobs created in February. Some people thought there will be a lot of job losses because of the Omicron variant. Over 700,000 jobs were upwardly revised. The unemployment rate went up despite all those jobs being added. The hourly wages grew at 5.7% but the inflation went over 7%. We had 6.9% GDP growth reading for Q4.Wage inflation is a more sticky inflation.The economy's spending is at 70%. We've got lots of jobs and a lot of people are getting back to work.Oil prices went up but it came back down...
2022-04-2011 minKP Talks Dollars and SenseEpisode 1: KP Talks Dollars and SenseHey it's KP, coming to you live from Corona, California. I'm here to introduce KP Talks Dollars and Sense podcast. My name is Kevin Peranio, 45 year old from Texas living in California and I want to bring financial literacy to you. I want to help and use whatever experience and knowledge I have to make the world a better place.I like to take the news of the day, what's going on whether it be in the housing industry, the lending side of mortgages, real estate, stock market information, what's going on with the Fed, how the...
2022-04-1904 min
Inside the ICE HousePRMG’s Kevin Peranio on the Nexus of Finance and the American DreamParamount Residential Mortgage Group Chief Lending Officer Kevin Peranio is a fountainhead of knowledge for mortgage industry insiders. His weekly LinkedIn videos offer insights into the geopolitical issues, economic outlook, and other factors that are shaping the industry. Kevin joined the podcast from the 2022 ICE Mortgage Technology Experience Exhibition Hall to talk about his career, the trends he is watching, and the importance of equity when tackling issues around Diversity & Inclusion. Inside the ICE House: https://www.theice.com/insights/conversations/inside-the-ice-house
2022-04-1440 minInside the ICE HousePRMG’s Kevin Peranio on the Nexus of Finance and the American DreamParamount Residential Mortgage Group Chief Lending Officer Kevin Peranio is a fountainhead of knowledge for mortgage industry insiders. His weekly LinkedIn videos offer insights into the geopolitical issues, economic outlook, and other factors that are shaping the industry. Kevin joined the podcast from the 2022 ICE Mortgage Technology Experience Exhibition Hall to talk about his career, the trends he is watching, and the importance of equity when tackling issues around Diversity & Inclusion. Inside the ICE House: https://www.theice.com/insights/conversations/inside-the-ice-house
2022-04-1440 min
Full DisclosureThe Virtues of Slow, Controlled Growth with Kevin PeranioLLL recently had the pleasure of sitting down with Kevin Peranio, CEO of PRMG. Kevin has been in the industry for a long time and is no stranger to rises in falls in volume. He shared some of his wisdom about how to endure in changing markets, and how to build a business designed for the long haul.
2022-02-1025 min
The Walk PodcastEp 23. In the mind of Kevin Peranio of PRMG Mortgage | The Walk PodcastEric Levin explores the mind of Kevin Peranio, Chief Lending Officer at PRMG Mortgage, and discuss how we can all strive to be better humans and what we do to help build up our communities.
2021-10-0850 min
CRE SharkEye Commercial Real Estate Show Hosted BY Yishai BreslauerThe Real Story of the 2008 Recession with Kevin PeranioKevin is the Chief Lending Officer for PRMG and is responsible for overseeing all production, including working with operations teams within the loan manufacturing process.
His primary goal is to enhance the overall customer experience when doing business with PRMG.
This includes creating robust reporting features to ensure accountability at all layers and levels of the process. Kevin is a Four-Time President’s Cabinet Member and was recognized by NMP as the Top 40 Under 40. Since joining PRMG in 2010, Kevin led the Southeast Region to become the Ranked #1 Region for PRMG, reaching this milestone in record ti...
2021-07-1947 min
Mortgage Vault PodcastHow to deploy a technology stack for a better, faster & cheaper lending experience: In conversation with Kevin Peranio, Chief Lending Officer at PRMGIn this episode we are in conversation with Kevin Peranio, Chief Lending Officer at PRMG. Kevin is focused on growing PRMG to $1 billion a month in loan volumes with a focus on all aspects of the lending process up to the point of funding. We had an amazing time talking to Kevin about how technology can be used to improve the lending experience for two major borrower demographics - racial minorities and millennials. Kevin also shared his framework of choosing & deploying a technology stack that provides an order of magnitude efficiency across the loan origination life-cycle.
2021-07-1521 min
Fresh Takes by Total ExpertKevin Peranio - Navigating the Shift to PurchaseIn honor of our 10th episode, we have a very special guest from PRMG, Kevin Peranio (KP)! As Chief Lending Officer, KP shares his philosophy of taking care of your internal teams first, and the rest will follow. Put on your shoes, listen in, and walk away with a fresh perspective on staying ultra-connected with your customers.
2021-04-2725 min
Full DisclosureThe American Dream with Kevin Peranio | PRMG, Inc.On this week's podcast with chat with Chief Lending Officer Kevin Peranio from PRMG, Inc. We dive into riding in an uber again, The American Dream, and doing right by consumers.
Find Kevin Here:
https://www.linkedin.com/in/kevin-peranio-6a56801/
http://prmg.net/
Have an idea or questions you would like Jim to ask?
Email us: Lendingleaders@lssoftwaresolutions.com
2021-04-2237 min