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

Friday proves sluggish on Wall Street

HW 30 takes a dip to end week

Friday proved a bit of a lull for all indices on Wall Street. The HW 30 index, for example, tumbled 0.25% on Friday. This compares to the Dow Jones, which fell 0.46%, while Nasdaq and the S&P 500 dropped 0.15% and 0.41%, respectively.

mREITS American Capital Agency (AGNC) and Annaly Capital Management (NLY) struggled on Friday. American Capital Agency dipped 0.09% for the day, while Annaly Capital Management dropped a substantial 3.49%.

The other two mREITS on the HW 30 index, Redwood Trust (RWT) and Two Harbors Investment (TWO), ended the week slightly stronger. Redwood Trust remained unchanged on Friday, while Two Harbors Investment improved 0.51% for the day.

Homebuilders, which tended to be a mix bag this week, struggled significantly on Friday. D.R. Horton (DHI) dipped 1.80% for the day, while Lennar (LEN) dropped 1.73%. Builder Toll Brothers (TOL) took the biggest hit, down 2.44% to end the week.

The big banks fluctuated on Friday, with Bank of America (BAC) falling 1.28%. Conversely, JPMorgan Chase (JPM) improved for the day, up 0.67%. Wells Fargo (WFC) also saw a slight decrease at the end of the week, down 0.05%.

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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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