The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Investments

Real estate stocks thrive on positive earnings reports

Big banks struggle to see light on HW 30 index

Riding on the coattails of two very impressive third-quarter earnings reports from homebuilders Lennar (LEN) and KB Home (KBH), real estate-related stocks closed the day with positive movement on the HW 30 index.

Despite the 0.77% drop seen by the index, Lennar posted the strongest gains of the day, up 4.26% at $36.01 per share at market close. Over the past month, the builder has seen its stock value increase 10.46%.

HW 30 index homebuilders D.R. Horton (DHI) and Toll Brothers (TOL) also saw substantial success on Tuesday. D.R. Horton increased 1.26%, ending the day at $20.06 per share. The homebuilder has improved 7.10% over the past month.

Toll Brothers ended the day up 2.18% at $33.33 per share. Toll Brothers has also improved significantly over the past month, up 6.86%.

Other stocks relying heavily on the success of the housing market saw a ripple effect from the positive homebuilder earnings reports this morning.

Trulia (TRLA) and Zillow (Z) both ended the day better than they started. Trulia improved 3.10% on Tuesday, ending at $48.20 per share. Zillow was up 0.47% at market close at $89.51 per share.

On the news that its bid to dismiss a series of statutory claims filed by the U.S. government back in October 2012 was denied, Wells Fargo (WFC) fell 1.37% on Tuesday, ending the day at $41.73 per share. The mortgage lender has struggled slightly over the past month, falling 2.41%.

Another big bank, JPMorgan Chase (JPM), took quite a tumble Tuesday as well, falling 2.22% for the day. This decline comes on the day that the bank reportedly resumed settlement talks with the U.S. concerning its representation of mortgage-backed securities it sold from 2005 through 2007.

The third and final big bank represented on the HW 30 index, Bank of America (BAC), also fell Tuesday, down 0.35% for the day.

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Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

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3d rendering of a row of luxury townhouses along a street

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