In this week's Weekly Mortgage Update commentary, David and the regulars. including Bill, David Kittle, Marc, Alice, and Allen break down the key takeaways from the MBA Annual Conference in Las Vegas.

From Les Parker’s bond forecasts and Mike Fratantoni’s modest growth projections to Marina Walsh’s profitability data, the panel explores the delicate balance between optimism and realism in today’s market. Topics include the impact of tariffs, Fed policy, profit margins, and demographic shifts shaping homeownership demand.

The conversation highlights the return of wholesale lending, the rising cost to originate, and the need for lenders to rethink their tech stacks and cost structures to stay competitive. Veteran insight from Mark Jones underscores the operational realities facing independent lenders, while Alice reminds listeners that growth will depend on taking market share — not waiting for a boom.

It’s a candid, data-driven reflection on where the mortgage industry stands — and where it’s headed next.