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.

Real Estate

Lack of inventory hindering housing recovery

Shortage of construction workers

A shortage of housing supply is hindering the housing market from making a full recovery, according to an article by Paul Davidson for USA Today.

A lack of constructions workers reduced the number of new builds being constructed, and economists project that the National Association of Home Builders will report today an unchanged index of builder sentiment for the third consecutive month in April, according to the article. It is expected to report at 58, slightly below January’s 61.

From the article:

It may be that high labor costs and land prices are crimping some builders’ profits, says Lewis Alexander, brokerage Nomura’s chief U.S. economist. In turn, the higher costs are helping push up home prices, which may be dampening sales a bit.

Housing starts soared in February, with groundbreakings for single-family units hitting the highest level in more than eight years. Besides the meager home inventories, driving the revival is strong job growth, low mortgage rates and a growing number of Millennials who are itching to move out of their parents’ basements.

Economists expect the Commerce Department to report Tuesday that housing starts decreased by 1.1% to 1.17 million.

Existing home sales fell 7.1% in February, however Alexander has a few reasons for that.

From the article:

Alexander cites quirky factors, such as the challenge of seasonally adjusting February’s figures in a leap year and a drop in contract signings in January due to snowstorms, which affected closings the following month. Yet the generally healthy market is also hindered by the longer-lasting headwind of tight inventories.

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

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