The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Housing starts jump 22.7%

Reach an annual rate of 1.09M in Nov.

Housing starts soared in November, rising 22.7% from October’s revised estimate and 29.6% from last year, government data shows.

The quick surge prompted market analysts to speculate that the report gives the Fed even more momentum to begin tapering its monthly asset purchases.

Privately-owned housing starts reached an annual rate of 1.091 million in November, compared to 889,000 in October and 842,000 last year, the Commerce Department data reveals.

Single-family housing starts alone hit a rate of 727,000 in November – a 20.8% climb from October.

Meanwhile, the November start rate for buildings with five or more units hit 354,000.

Building permits – a forward looking indicator for the construction industry – fell on the other hand. Housing units authorized by building permits edged down to 1.07M in November, a 3.1% drop from October. Still, that figure is 7.9% above year ago levels.

Single-family permits alone rose 2.1%, reaching a November rate of 634,000 units.

Buildings with five or more units reached a permit authorization rate of 346,000 in November.

"Housing regained some momentum over the last three months," analysts with Econoday noted. "Between recently strong retail sales and housing starts numbers, fourth quarter growth may be moderately strong. Today's data add to odds that the Fed may taper somewhat with this afternoon's policy statement."

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

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