Alex Suslov, Head of Capital Markets, and Billy Abrams, President/CEO of ADM Securities, discuss recent and upcoming trends happening in the capital markets and their impact on the Non-QM market. Check out their discussion.
MND — March New Home Sales Decline Matched Expectations New, single family home sales declined by 8.6 percent in March according to data released today by the Census Bureau. That seems like a fairly substantial shift, but in this case, the total annual pace of 763k was right in line with median forecast of 765k. There are a few other silver linings to the “-8.6%” cloud: sales continue to run above pre-covid levels; inventory improved to 406k homes (a 5.7-month supply) from 385k previously; sales remained in solid territory despite another record high for median prices as well as the sharpest rate spike since the 80s; the general trend remains positive.”
MND —Bigger Than Normal Drop in Mortgage Delinquencies “Mortgage delinquencies hit a record low in March according to the “first look” report on mortgage performance released today by Black Knight. Hitting a record low is actually less interesting in this case because delinquency rates were already near all-time lows. More interesting is that in non-seasonally adjusted terms, delinquencies dropped by 15.5% — significantly faster than the historical that’s been just over 10% for the past 20 years.”
Making a BIG Impact: How to Qualify for Jumbo and Prime Jumbo Loans
🗓️ Tuesday, May 3, 2022
🕐 1 PM EST
With rising and record-setting home prices in many areas, borrowers are needing loans with higher loan limits. Learn why A&D’s Jumbo and Prime Jumbo loans can help you win more business in 2022.
Correspondent Lending 101: Go Mini-Corr or Go Full?
🗓️ Tuesday, May 10, 2022
🕐 1 PM EST
The world of Correspondent lending is a different world filled with mini-corr, delegated, and non-delegated correspondent options. If you’ve been interested in becoming a correspondent lender of any type, this informative webinar will discuss the differences between each type and why A&D Mortgage is your perfect partner no matter which you choose.