A&D Market Digest for Week of 4/29/24

When it comes to closing a mortgage, there are a few things you can dread as a mortgage broker: missed deadlines, scrambling for documents, and stressed-out clients. But fear not! This A&D Digest edition is here to help you streamline your closings and save yourself a lot of frustration. Anna Kovan, a closing expert at A&D, is ready to share her secrets for a smooth and efficient closing process.

Key Highlights

• The most common mistakes brokers make during closing prep and ways to avoid them 
• Communication strategies to ensure a smooth closing process 
• Technologies and tools that speed up and simplify the closing process 
• Tips for mortgage brokers to avoid delayed closings 
• Accepted closing methods at A&D Mortgage  

Don’t miss out on the closing expertise! Watch the full episode of A&D Digest to learn how to optimize your closings and ensure a smooth, stress-free experience for your borrowers. 

Mortgage News

• NMN — Non-QM delinquencies rise, but losses remain subdued. The delinquency rates for securitized non-qualified mortgages are on the rise as these loans continue to season but they remain within an acceptable range, according to Morningstar DBRS.
• NMP – Homebuying Excitement Is Up Among Veterans. Survey results indicate optimism about housing market among U.S. veterans and service members. Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. 
• Scotsman Guide– New home sales bounce back in March after underwhelming start to year. An underwhelming first two months of the year in new home sales finally gave way to a March rebound, with sales up 8.8% above February’s downwardly revised pace. That’s according to the newest data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported that sales of new single-family houses in March came in at a seasonally adjusted annual rate of 693,000 units.