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[ad_1] BioNTech alone could lift German economy by 0.5% this year [ad_2] Source link

[ad_1] The SRS-XP700 punches above its weight and mind you, it weighs quite a lot. [ad_2] Source link

[ad_1] While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. Lenders who aren’t offering non-QM loans may want to reconsider. HousingWire recently spoke with Steven Schwalb, CEO and Managing Partner with Angel Oak, to discuss the high performance of non-QM loans in 2021 and how lenders can seamlessly integrate these products into their business. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? Steven Schwalb: It tells us that anyone not utilizing non-QM should quickly start doing so. We are very pleased with the performance of non-QM rebounding in a short period of time post-pandemic. Once again, we found ourselves charting a new course and we mastered it. The future of non-QM is promising. The projected volume for non-QM is estimated to reach $200-300 billion annually over the next few years.  We expect the non-QM market to continue to grow along with the still recovering economy. As well, restrictions set forth by Fannie Mae and Freddie Mac along with increased bank lending restrictions mean increased demand for non-QM. We hear from our clients that our loan solutions provide an opportunity to capture more purchase volume. They are seeing their bottom line increase from helping self-employed borrowers, real estate investors, and those with credit events who fall outside Fannie Mae and Freddie Mac. And we are here helping all of these deserving people. There is ample growth ahead of us. It’s a great time to be in the mortgage industry!  HW: Which non-QM products were the most popular? Why do you think that is? SS: Our most utilized loan product is Bank Statement for self-employed borrowers. Self-employed borrowers account for a significant population that has been underserved in the market for a long time. We have not created this market, instead, we offer a solution for a problem that has always existed. Not qualifying for a mortgage simply because tax returns won’t work for a credit-worthy borrower is unacceptable. A borrower with a 740 credit score and low DTI buying a luxury home shouldn’t necessarily be turned away, yet it happens every day. We can save the deal for our clients and the borrower.  Our Investor Cash Flow product falls closely behind that with a significant share of volume. There are a lot of real estate investors out there and many need a DSCR solution measuring cash flow instead of submitting income and employment information. It is a very easy loan to do and closes quickly. Today’s market is highly competitive, and originators can count on it getting deals closed for their investor clients to win properties. It is also a great option for those needing to complete a 1031 Exchange transaction. The popularity of this product is simply how easy it is to do. We have loyal clients who count on us each month to close their investor deals.  HW: What challenges are lenders facing as they continue to implement new lending products? SS: Creating and enhancing innovative mortgage products is healthy for the industry. The challenge is managing product risks and product quality. We have been in the market for a long time with a sound standing as the leader in non-QM. We have honed our operation and production processes to mitigate risk and lend responsibly. The process and systems we have in place examine each feature of a new product and assess how it might impact overall financial and nonfinancial risks for Angel Oak and the economy. All of our procedures and operations we have in place have been fine-tuned over the years and consistently make appropriate changes to control risk. Whether the product is new or involves updated guidelines that changes it from the existing product, the potential for misunderstanding the risk associated with the change or development is significant. This is especially true when it involves adding higher debt-to-income (DTI) ratios or higher loan-to-value (LTV) ratios over time. We write to our own guidelines and have been doing this for a very long time – we understand the challenges and what it takes to implement new or enhanced products. HW: How does Angel Oak plan to approach the latter half of 2021 with these insights in mind?  SS: By doing what we do best – helping borrowers left outside of Fannie Mae and Freddie Mac. We see an increase in scenarios every month involving people turned away because they can’t qualify for an Agency loan. This is our specialty and we know non-QM is the key to help these people and the mortgage industry as a whole thrive. Right now we are in a major growth mode. Due to demand for our products our focus is on hiring the best people out there. We continue to invest in technology and systems that allow for growth but in a controlled and responsible way. Our alliance with our Angel Oak Capital asset management team provides information and powerful systems we can use in our origination efforts when market conditions change. We adhere to a very disciplined financial management system that works. Most importantly, we stick to our mission of providing the best service and mortgage products to our clients with a clear goal – helping a very large population of borrowers close in an easy and efficient manner. We do it every day. Angel Oak Mortgage Solutions is the leader in non-QM for these reasons. Work with us and experience the power of Angel Oak for yourself!  For lenders to be successful, they need to make sure they have the tools to help different types of borrowers. Angel Oak creates and enhances innovative mortgage products, including non-QM loans, to help lenders grow their portfolios. The post Lenders, it’s time to consider offering non-QM products appeared first on HousingWire. [ad_2] Source link

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[ad_1] Dollar hits 4-month high against euro on Fed taper talk [ad_2] Source link

[ad_1] Ujjwala Scheme 2.0 Launch by PM Modi Live, Ujjwala Scheme 2.0 Launch in Mahoba, UP Live Updates: In the first phase of the scheme, 1,47,43,862 LPG connections were made available to the poor families of the state. [ad_2] Source link

[ad_1] It was a sunny and extremely humid Thursday morning. Of course, that’s almost standard for Dallas, and it wasn’t going to prevent these three women from showing up to the August magazine cover shoot with an energy and excitement that couldn’t be stopped. They say a picture is worth a thousand words, and I’d say this cover is worth so much more than that. These three Women of Influence not only carry the grace and lessons of those who have gone before them, but they’re leaving a priceless legacy for the next generation of leaders. Rebecca McDonald, chief product officer at Rocket Mortgage, Pam Perry, Single-Family vice president of Equitable Housing at Freddie Mac, and Hilary Saunders, co-founder and chief broker officer at Side, are all featured on the cover and were named to HousingWire’s 2021 Women of Influence. I had the honor of sitting down with them to learn more about the projects they’re passionate about, how they’re making a difference and what advice they’d share with those in the industry.  Here is the interview with Hilary Saunders, co-founder and chief broker officer at Side. BN: First off, congrats on being named a 2021 Women of Influence. If you were standing on a stage giving an acceptance speech, who would you want to thank for helping you get where you are today? Hilary Saunders: That’s a great question, and to be quite honest, it’s our partners. I would thank my partners in general because they had faith in us and continue to have faith in us and in what we’re doing. Our mission is to elevate the entire real estate industry and really provide the consumer at the end of the day with an amazing experience, whether they’re a buyer or seller. Our partners are the ones who are on the ground and are providing that experience. BN: How do you create a work-life balance in your life and/or what does work-life balance mean to you? Hilary Saunders: I love that question, especially since I have 16-month-old, identical twin daughters and a seven-year-old boy, who are altogether quite a handful. Work-life balance, honestly, if you’re passionate about what you’re doing, it isn’t balanced. I think it’s really about finding that underlying passion, so work, to me, is part of my life. And so, my entire family is a part of it. My son went on listing appointments with me when he was a baby and has been in some advertising stuff for me. It’s a family affair. At the end of the day, as long as you can take time for yourself and know that the team that you’ve built and you’ve shaped is there to carry on the mission, then you can make time for everything.  This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Side’s Hilary Saunders: An inside look at the alternative brokerage model appeared first on HousingWire. [ad_2] Source link

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[ad_1] The new Parallels 17 officially lets you run Windows 11 on your Mac  The Verge Parallels 17 promises better M1 Mac performance and Windows 11 support  Engadget Parallels 17 brings enhanced Windows gaming experience, the first macOS Monterey virtual machine running on Apple Silicon, more  9to5Mac View Full Coverage on Google News [ad_2]