A&D Market Digest for 4/25/22
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 — Builder Confidence Remains Resilient Despite Rising Rates. “Mortgage rates may be at the highest levels in more than 3 years, but the housing market has yet to show visible signs of distress. April’s release of the NAHB/Wells Fargo Housing Market Index (HMI) is the latest data supporting that thesis. The headline HMI number is functionally equivalent to builder confidence, and while it is down slightly from the previous month’s reading, it remains in historically high territory. Both the HMI and the “buyer traffic” index remained higher than at any other time before the covid-driven real estate boom.”
- MND — Existing Home Sales Feeling The Effects From Rising Rates? “The brutal interest rate spike of 2022 has been all over the news for more than a month, but the strong pace of home sales (or purchase mortgage applications) has been a silver lining to that dark cloud. In data released today by the National Association of Realtors (NAR), Existing Home Sales fell 2.7% in March to an annual pace of 5.77 million. <…> This is a fair assessment as long as we assume the recent, moderate decline in existing sales is a reflection of rising rates.”
UPCOMING WEBINARS
The New Non-QM Normal: Successful Sales Strategies with Non-QM Programs
🗓️ Tuesday, April 26, 2022
🕐 1 PM EST
In today’s market, Non-QM loans are becoming the new normal as rates for conventional loans become increasingly more challenging to qualify for. Learn strategies on how to close more Non-QM business in a competitive market from a top A&D Account Manager.
Making a BIG Impact: How to Qualify for Jumbo and Prime Jumbo Loans
🗓️ Tuesday, May 3, 2022
🕐 1 PM EST
With rising and record-setting home prices in many areas, borrowers are needing loans with higher loan limits. Learn why A&D’s Jumbo and Prime Jumbo loans can help you win more business in 2022.
Correspondent Lending 101: Go Mini-Corr or Go Full?
🗓️ Tuesday, May 10, 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.
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.
