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A&D Market Digest for 5/16/22
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.
MARKET NEWS
- Fannie Mae — Consumer Sentiment Toward Housing Hits Lowest Level in Two Years. “The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index’s components decreased month over month, with a survey-high 76% of consumers indicating that they believe it’s a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.”
- MBA — Chart of the Week: Loans in Foreclosure Process. “The delinquency rate for mortgage loans on one‐to‐four‐unit residential properties fell to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the end of the first quarter of this year. Most of the improvement in loan performance can be attributed to the movement of loans that were 90-days or more delinquent. The majority of these aged delinquencies were either cured or entered post-forbearance loan workouts.”
- MND — Purchase Volume Has a Another Strong Week. “Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, gained a seasonally adjusted 2.0 percent and increased 3.0 percent on an unadjusted basis from one week earlier.”
UPCOMING WEBINARS
Helping Real Estate Investors with DSCR Loans
🗓️ Tuesday, May 17, 2022
🕐 1 PM EST
Learn how to use Debt Service Coverage Ratio (DSCR) loans to attract and qualify real estate investment clients.
Deep Dive Into Bank Statement Loans with A&D Mortgage
🗓️ Tuesday, May 24, 2022
🕐 1 PM EST
With more than 30% of today’s workforce classified as “self-employed,” bank statement loan programs are an ideal way to get them qualified for a mortgage. Learn the ins and out of how A&D Mortgage works with self-employed borrowers’ bank statements and Non-QM loans.
The ABCs of P&Ls
🗓️ Tuesday, May 31, 2022
🕐 1 PM EST
Learn how to use Profit and Loss Statement loans to attract and qualify borrowers with non-traditional income documentation.
Bridge Loans: What They Are & How They Work
🗓️ Tuesday, June 7, 2022
🕐 1 PM EST
How do you help a real estate investor who can’t easily verify their income with tax returns, pay stubs, or W-2s but can make the down payment in cash? Learn how our Bridge Loan program bridges the gap in short-term financing needs.
The 4-1-1 on 1099s and WVOEs
🗓️ Tuesday, June 14, 2022
🕐 1 PM EST
Learn how to use Written Verification of Employment and 1099s to attract and qualify borrowers with non-traditional income documentation.
