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

Home price gains strongest in months

Capital Economics: House price growth ahead

The pace of home price growth continued its downward trend as top cities across the country report a slight decline, the September S&P/Case-Shiller Home Price Indices reported.

Still, the 10-city composite climbed 4.8% year-over-year, down from 5.5% in August, while the 20-city composite increased 4.9% year-over-year, compared to 5.6% in August.

It was still the strongest month-on-month increase in house prices in seven months and, according to a client note from Capital Economics, further evidence that, after the recent slowdown, the pace of house price growth is picking up again.

Both the national and composite Indices were slightly negative in September, with the 10 and 20- city composites reporting a slight downturn while the National Index posted a -0.1% change for the month.

“Admittedly, that hasn’t come through in the quarterly or annual comparisons yet. Prices increased by just 0.5% during the third quarter as a whole, which is stronger than the second quarter’s 0.1%, but otherwise the weakest reading since Q1 2012 when prices were still falling,” says Paul Diggle, property economist for Capital Economics.

“The upshot is that, over a one-to-two year horizon, we think that price growth is likely to level off close to income growth. That means that while our forecast of 4% y/y price growth in the fourth quarter of this year is below the consensus of 6% (which would require a burst of growth of 3.3% q/q – not seen since 2005), our forecasts of 4% growth in subsequent years is stronger than the consensus,” Diggle says. “With the prospects for the wider US economy looking increasingly promising, that is a position that we are happy to occupy.”?

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