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

HW 30 ends Wednesday trading with mixed results

Builders stayed strong, while banks staged a comeback

Stocks on the HW 30 index performed with mixed results on Wednesday, even though the entire index rose 0.65%.

Building firm shares continued to grow in the wake of positive reports from two key players in the market.

Homebuilder Lennar (LEN) is flying high after its impressive third-quarter earnings report on Tuesday. The builder's stock ended Wednesday trading up 1.06%— at $36.39 per share.

D.R. Horton (DHI) also remained positive, rising 0.50% for the day. The builder started the day at $20.11 per share and ended it at $20.16 per share. Recent reports on home prices and new home sales, which jumped 7.9% in August, are thought to have some impact on the builders’ stocks.

Toll Brothers (TOL) was the only builder on the HW 30 index to fall, down 0.57% for the day. The stock opened at $33.28 and ended the day at $33.14 per share.

Real estate stocks, such as Trulia (TRLA) and Zillow (Z), dipped slightly on the index. Trulia ended the day down 0.19%, while Zillow fell a whopping 2.93%.

The big bank stocks turned things around after all three took a tumble on Tuesday. Bank of America (BAC) was up 0.35%, closing at $14.14 per share on Wednesday.

JPMorgan Chase (JPM) finished up a substantial 2.74% at $51.70 per share, while Wells Fargo (WFC) ended the day up 0.19%.

Most Popular Articles

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

Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the LO has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday.

Nov 23, 2021 By
3d rendering of a row of luxury townhouses along a street

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