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.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

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.

InvestmentsMortgage

FOMC unanimously votes against raising interest rates

Next meeting scheduled for June

The Federal Open Market Committee unanimously voted to hold off on raising interest rates in May after announcing a rate hike the previous meeting.

According to the FOMC announcement, “Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed.”

“Job gains were solid, on average, in recent months, and the unemployment rate declined. Household spending rose only modestly, but the fundamentals underpinning the continued growth of consumption remained solid,” it continued.

As a result, the committee decided to maintain the target range for the federal funds rate at .75% to 1%.

The FOMC’s decision in its last meeting in march to raise rates marked the second time in three months and the first time in 2017.

While the FOMC didn’t raise rates in this meeting, experts claim that there will be several this year.

Mike Fratantoni, Mortgage Bankers Association chief economist, recently stated in a HousingWire webinar that he expects two more rate hikes this year, one in June and one in September.

There five meeting left for the year, which includes Junes, July, September, October/November ad December. 

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

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