A&D Market Digest for 6/20/22

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

• • MND — Traders in Position For Today’s Fed Announcement. Volatility Guaranteed. “Now the Fed may hike 75bps instead of 50bp. In fact, even 75bps, which is almost fully priced in based on Fed Funds Futures is not a foregone conclusion. The Fed has options, and they can create several very different takeaways depending on how they use them.”
  • MND — Construction Declines Signal Need for Policy Changes. “The U.S. Census Bureau and the Department of Housing and Urban Development report that the seasonally adjusted annual rate of residential permitting dropped 7.0 percent in May to 1.695 million units compared to 1.823 million in April. The April rate is a revision from the 1.819 million units reported last month. The May 2022 number represents a 0.2 percent increase from the 1.691 permitting rate reported for May 2021. Single-family permitting was down 5.5 percent for the month and 7.9 percent lower on an annual basis at 1.048 million units. The annualized 592,000 permitting rate for multifamily units was down 10.0 percent and 19.8 percent from the two earlier periods.”
  • MND — Mortgage Apps Buck Recent Trend Despite Huge Rate Jump. “Mortgage application volume increased during the week ended June 10 after four straight weeks of declines. However, the overall gains shown by data from the Mortgage Bankers Association’s (MBA’s) weekly Mortgage Applications Survey was only a resumption of application activity patterns two weeks earlier. The business week ended June 3 was shorted by the Memorial Day holiday.

UPCOMING WEBINARS

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.

REGISTER

Flexible Financing for Non-Warrantable Condominiums
🗓️ Tuesday, June 14, 2022
🕐 1 PM EST

Learn how A&D Mortgage can provide you with the right lending options for non-warrantable condos. We’ll walk you through the differences between warrantable and non-warrantable condos and the Limited/Full Review process.

REGISTER