David Lykken

David Lykken

David Lykken is 40-year industry veteran who consults on virtually all aspects of mortgage banking. David hosts a successful weekly radio program called “Lykken On Lending” (www.LykkenOnLending.com) that is heard each Monday at noon (Central Standard Time) by thousands of mortgage professionals.

  • Mobile: The new way people are shopping

    Small businesses can no longer get by with placing an ad in the paper or putting up a nice sign in the parking lot. These days, if you don't have a website, you don't have a chance

  • TRID panic: Don't let the stress manage you

    As the deadline for TRID approaches, tensions are high -- but giving in to the stress will hurt your performance and, eventually, your bottom line

  • Defensive lending: How overregulation is hurting our industry

    Making lenders afraid to lend isn't going to help the industry -- or the economy

  • TRID: Should the industry get a grace period?

    Recently, there has been speculation that a grace period may be given to the industry for the implementation of the TILA RESPA Integrated Disclosure rules. Even though the industry has had nearly two years to make these adjustments, should we still get a grace period?

  • The state of M&A: Are there more buyers or sellers?

    The answer to this question can dramatically affect the level of M&A activity in the industry, according to expert David Lykken. So, what's the verdict?

  • Act like a bank

    In the short term, it may benefit non-banks to adhere to as little regulation as possible, but most standards tyhat apply to banks will probably apply to non-banks in the long run

  • The most important thing to know about preparing for TRID

    There are many areas to sharpen in preparation for TRID in August, but if there is one area that you should concentrate on in your compliance department, what should it be?

  • Be wary of high numbers from low bars

    Now is the time of year that mortgage professionals are flooded with predictions about what is going to happen in the housing market. Following the wrong advice could lead us to take poor risks or, conversely, not to take good ones.


Is TILA-RESPA a good or bad thing long term?