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.

Real Estate

Housing market sentiment rose in December, Fannie Mae says

Strong labor market and low mortgage rates boosted confidence

Housing market sentiment rose in December, according to Fannie Mae, as a strong labor market and low mortgage rates boosted consumer confidence.

The Home Purchase Sentiment Index rose to 91.7, nearing the record high of 93.8 set in August, Fannie Mae said in a report on Tuesday. The share of people who said it was a good time to buy a home jumped 16 percentage points from a year ago to 59%. While the number decreased from the prior month, that’s a typical pattern for December when people are busy with the holidays.

Sellers also were optimistic. The share of people who said it was a good time to put a home on the market rose to 65%, up 7 percentage points from a year earlier, and a gain of 3 percentage points from November.

“The continued strength in the HPSI attests to the intention among consumers to purchase homes,” said Doug Duncan, Fannie Mae’s chief economist. The measure “supports our prediction of a healthy housing market in 2020, as well as consumers’ appetite and ability to absorb the expected increase in entry-level inventory,” he said.

Home sales this year, including existing and new homes, probably will rise 1.9%, larger than the 1.7% gain in 2019, Fannie Mae said in a forecast issued Dec. 23.

The gains will be led by new home sales, according to the forecast. Builders will start construction on 975,000 single-family homes in 2020, the forecast said. That would be the highest level since 2007, based on government data.

Mortgage rates may set new lows, another boost to the housing market, the forecast said. The average fixed rate probably will be 3.6% in 2020, which would be the lowest annual average ever recorded in Freddie Mac records going back to 1973.

That compares with 3.9% in 2019 and 4.5% in 2018, according to Fannie Mae. The current record was set in 2016 when the annual average fell to 3.65%.

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