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.

Investments

Homebuilder stocks dive on existing home sales news

Markets stabilize after bleeding followed FOMC

Homebuilder stocks were down in early afternoon trading on news of the continuing decline in existing home sales, moving at the slowest pace in 18 months.

Existing home sales fell again for the second month in a row, falling 0.4% to a seasonally adjusted rate of 4.6 million from 4.62 million in January, and 7.1% lower than February 2013, according to the National Association of Realtors.

February’s pace of sales was the lowest since July 2012, when it stood at 4.59 million.

"Another lackluster housing report," said Lindsey Piegza, chief economist at Sterne Agee. “Going forward it will take sustainable job and income growth to propel would-be-homebuyers back into the market. But with the labor market uneven at best, it may take some time before the housing industry regains the momentum seen earlier last year."

At about 12:40 p.m. ET, D.R. Horton (DHI) was down 1.78 %. Lennar (LEN) was down 0.68%, and Toll Brothers (TOL) was down 1.59%. Pulte Homes (PHM) was down 0.67%, and KB Homes (KB) was down 1.52%.

The HW 30 – HousingWire’s proprietary index of 30 key housing finance-focused stocks – was up 1.41%, while the major indexes seemed to be stabilizing after the dive they took following the release of the Federal Open Market Committee statement Wednesday.

The Nasdaq was up 0.18% while the S&P500 was up 0.28%

Most Popular Articles

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

The suit, filed by former COO Tammy Richards, accuses loanDepot CEO Anthony Hsieh of ordering the sales team to “trust [their] borrowers” and close loans, disregarding proper underwriting etiquette. 

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

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