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.
- CNBC— Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011 “Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% decline in July 2010, during the Great Recession.”
- NMN — FHA, VA purchase activity shows signs of renewed interest. “A rise in government-insured mortgage applications gave signals of returning market balance, but the uptick was tempered by further slowing of conventional loans, leading to reduced overall activity, the Mortgage Bankers Association said. The FHA share of total applications increased to 12.5 percent from 12.0 percent the week prior. The VA share of total applications increased to 11.6 percent from 11.2 percent the week prior. The USDA share of total applications increased to 0.7 percent from 0.6 percent the week prior.”
NOTE: Beginning in mid-August, A&D Mortgage will be live streaming webinars on our Youtube, LinkedIn and Facebook pages, so keep an eye on those pages for the announced links and be sure to set a reminder for yourself!