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

House prices gained 5.7% in February, FHFA says

All U.S. regions posted gains before COVID-19 shutdowns

Prices for single-family homes rose 5.7% in February from a year earlier, reflecting the condition of the housing market before the COVID-19 pandemic hit the U.S. economy.

The index measuring the purchases of houses using loans backed by Fannie Mae and Freddie Mac rose at a faster pace than the 5.3% annual gain seen a year ago, according to the report Wednesday from the Federal Housing Finance Agency.

“The growth in home prices coincides with other data showing robust housing market activity in early 2020 preceding the current crisis,” said Lynn Fisher, a deputy director at FHFA. “Transactions still do not reflect much, if any, influence from the COVID-19 outbreak as of February.”

Every area of the U.S. posted gains, led by an 8.1% annualized increase in the Mountain region, which includes Colorado and Arizona, a 6.2% gain in the Pacific area that includes California, and a 6.1% advance in the South Atlantic division that includes Georgia and South Carolina.

The Middle Atlantic region that includes New Jersey and New York increased 5.8%, the West North Central area that includes Nebraska and Kansas grew 5.6%, and the West South Central region that includes Texas advanced 4.2%, the report said.

The housing market is likely to be bolstered by low mortgage rates as the nation endures the worst public health crisis in over a century, according to a forecast from Wells Fargo economists.

The Federal Reserve’s pledge to buy unlimited amounts of bonds to support lending probably will drive the average 30-year fixed mortgage rate down to an all-time low of 2.9% in 2020’s second and third quarters, before rising to 2.95% in the final three months of the year, the forecast said.

Housing starts, measuring the number of homes contractors break ground on, probably will stay near last year’s level, the Wells Fargo economists said.

For 2020, housing starts probably will total 1.25 million, compared with 1.29 million in 2019, the economists said. Construction activity in many states has been deemed “essential,” meaning those workers can show up on the job site.

Latest Articles

New home sales rise for second consecutive month

Regionally, on a year-to-date basis, new home sales fell 1.0% in the Northeast and 2.3% in the West, but rose 4.4% in the Midwest and 4.5% in the South.

Sep 24, 2021 By
3d rendering of a row of luxury townhouses along a street

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