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.

Politics & Money

Buttigieg would be “positive” for housing, Cowen says

But the short track record of the 37-year-old mayor doesn’t give much to go on

Pete Buttigieg, a leading Democratic presidential candidate, would be a “positive” for housing, according to Cowen Washington Research Group. 

There’s a caveat: “There is very little known about how Buttigieg views financial firms or housing,” Jaret Seiberg, managing director for the public policy research firm, wrote in a note to clients on Wednesday.

Buttigieg has vaulted to the front of the pack with a 10-point lead in a Saint Anselm College poll released Tuesday. The 37-year-old mayor of South Bend, Indiana, got the support of 25 percent of self-identified likely Democratic primary voters in the state’s first-in-the-nation primary scheduled for Feb. 11.

Former Vice President Joe Biden and Sen. Elizabeth Warren (D-Mass.) are tied for second at 15% in the same poll.

For a summation of the housing plans of the 2020 presidential candidates, click here. Ten Democratic presidential candidates will face off in the fifth primary debate in Atlanta on Wednesday night.

“Our view is that Mayor Pete Buttigieg is likely to be the most pragmatic of the leading Democratic candidates,” the Cowen note said. “As a mayor, his experience is solving problems rather than partisan brawling. We believe that approach would be well received in the market. That means the door is more open for him to be positive for financials and housing than the other Democrats running for the White House.”

Buttigieg has endorsed the creation of a federal program to provide down payment assistance to help 1 million families buy homes. He has also discussed using the various affordable housing trust funds to finance 2 million units of affordable housing. 

“We believe that is an implicit endorsement of keeping Fannie and Freddie as they are taxed to finance some of these trust funds,” the Cowen note said. “In addition, it would seem to align his interests with that of Fannie and Freddie as the more successful the enterprises are then the more money they will contribute to these affordable housing trust funds.”

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