A&D Market Digest for Week of 9/26/22
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
- MBA — Share of Mortgage Loans in Forbearance Decreases to 0.72% in August. The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.74% of servicers’ portfolio volume in the prior month to 0.72% as of August 31, 2022. According to MBA’s estimate, 360,000 homeowners are in forbearance plans.
- MND — Existing Home Sales Down Slightly, Price Appreciation Slows. Seven straight months of slowing sales has reduced existing home transactions by nearly 20 percent from the same point in 2021. The National Association of Realtors® (NAR) said on Wednesday that August sales of preowned single-family houses, townhouses, condominiums, and cooperative apartments were at a seasonally adjusted annual rate of 4.80 million units. This is a decline of 0.4 percent from July and is 19.9 percent lower than the August 2021 pace.
UPCOMING WEBINAR
NOTE: 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!
Correspondent Lending 101: Go Mini-Corr or Go Full?
🗓️ Tuesday, September 27, 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.
Finding the Best Conventional and Government Loans
🗓️ Tuesday, October 4, 2022
🕐 1 PM EST
Join us for a free webinar where we’ll go over all the details of our Conventional and Government loan programs. We’ll discuss the benefits of each program and help you decide which one is a right for your clients. We’ll also answer all your questions so you can be sure you’re getting the best possible deal on their home loan. Register now and see how easy it is to get into the home of your dreams with A&D Mortgage!
A&D Market Digest Live
🗓️ Tuesday, October 11, 2022
🕐 1 PM EST
Join us for A&D Market Digest Live! Alex Suslov, Head of Capital Markets, and Billy Abrams, President/CEO of ADM Securities, will discuss recent and upcoming trends happening in the capital markets and their impact on the Non-QM market. You’ve watched them every week, so now you get to ask them your burning questions in person!
FEATURED TRADESHOWS
NAMB National
October 7-10, 2022
Las Vegas, NV – Caesars Palace
California Mortgage Expo
October 11, 2022
San Francisco, CA – Hilton Oakland Airport
REImagine! Conference and Expo
October 11-13, 2022
Long Beach, CA – Long Beach Convention Center
FEATURED EVENT
NASHVILLE NIGHTS
Who doesn’t love a good party? And what could be better than a party in Nashville – the home of country music – at 6 p.m. on October 24 at Headquarters Beercade? That’s why we’re inviting our most valued brokers to our exclusive country music-themed party and award ceremony during the MBA Conference in Nashville. There’ll be plenty of music, dancing, and good old-fashioned fun. So put on your best boots and jeans and come on down to Nashville for a party you’ll never forget.
Why should you come?
- Enjoy recognition as our leading Brokers receive annual performance awards
- Network with Non-QM industry experts and colleagues
- Appetizers, beer, wine, and cocktails served!
- FREE access to more than 30 classic arcade games and 10 pinball machines.
- Capacity is limited, so you are encouraged to RSVP.
Sponsored by A&D Mortgage
