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.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

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.

Politics & MoneyFintechInvestmentsMortgage

Dow Jones drops more than 800 points in the face of rising rate fears

Worst drop the Dow has seen since February

Rate hikes have spurred a selloff, and the Dow Jones Industrial Average received its worst pummeling since February, dropping more than 800 points today. The NASDAQ tanked more than 300 points, and the S&P 500 fell over 70 points today.

It’s been a tough month for the major indexes with S&P 500 and the Dow down more than 2.7% and 1.6%, respectively. The NASDAQ has lost more than 5.5%.

According to a report from CNBC, rising rate fears are driving investors to pivot out of technology stocks and have dragged the Dow down 900 points over its last five sessions.

Rates rose on Wednesday after the government released data showing a rebound in producer prices last month. According to CNBC, the producer price index rose 0.2% in September and is up 2.8% year-over-year.

"Portfolio managers tend to move to the sidelines in a skittish tape out of fear of suffering from a quick and sharp pullback," FBN Securities Chief Market Strategist Jeremy Klein told CNBC.

"The fundamental environment, though, remains supportive of share appreciation. I contend that the concerns of rising interest rates are largely overblown. Specifically, I do not anticipate much more of an increase in longer dated Treasury yields," he added.

Big losers in this rout have been Amazon (down 4%), Netflix (down 6.3%), Facebook (down 2%) and Apple (down 2%).

"People are getting out of the high-flying tech names right now," The Opportunistic Trader CEO Larry Benedict told CNBC.

"I think people are under-hedged; there could be more pain ahead," he said. 

 

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Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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