The Future Of Mortgage Rates & U.S. Real Estate With Leland Abrams

Leland Abrams recently joined Alexander Fleiss at Rebellion Research for a lively discussion on:

  1. Mortgages & rates. Mortgage rates are coming off historic lows.
  2. The bond vigilantes are not going to win. Don’t stand in front of the Fed.
  3. Millennial housing: breaking down the mortgage math.
  4. Leland’s pop quiz: what’s the second largest market in all fixed income behind U.S. Treasuries? Answer: Mortgages.
  5. Today’s housing market has seen the largest number of all cash buyers… ever.
  6. Is today shades of 2006, 2008? No. 2006, 2008, 4 ½ million surplus homes. Today: 2 million deficit homes.
  7. National housing themes from NY to FL to LA.
  8. Press inaccuracies: misleading media reporting on housing delinquencies.

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The Fed’s Dilemma: Why Rate Cuts Could Trigger a “Crack-Up Boom”

The crack-up boom happens when everyone tries to get out of a losing currency and into “hard assets” like gold, real estate, and other real things.

Rate Cut Hype Fuels Growth: August 2025 HANDLS Monthly Report

Suffice to say, all of this reinforces a timeless investing principle: diversification pays off over the long haul.

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The last five years have been among the most intense stress tests in modern business history.

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Leland Abrams, Portfolio Manager
Leland Abrams, Portfolio Manager
Leland Abrams serves as Chief Investment Officer for the investment manager, Wynkoop LLC. Leland is Lead Portfolio Manager of an NARMBS income-oriented fund at Catalyst Funds. Prior to joining Wynkoop in September 2016 as Principal and Portfolio Manager, Mr. Abrams spent five and a half years at Candlewood Investment Group LP. Most recently, he was the RMBS Sector Manager responsible for overseeing approximately $1 billion in RMBS investments across the firm. Previously, Mr. Abrams spent two and a half years as a non-agency mortgage and esoteric ABS trader and credit analyst at United Capital Markets, Inc. Prior to that, Mr. Abrams was a Credit Analyst and Trader at Dresdner Bank, AG (Dresdner Kleinwort Wasserstein). Mr. Abrams holds a B.A. in Economics from Bucknell University. Mr. Abrams served as a Director and member of the Audit Committee for Front Yard Residential Corp, a public REIT headquartered in Christiansted, VI until the company’s sale in January 2021.

The Fed’s Dilemma: Why Rate Cuts Could Trigger a “Crack-Up Boom”

The crack-up boom happens when everyone tries to get out of a losing currency and into “hard assets” like gold, real estate, and other real things.

Rate Cut Hype Fuels Growth: August 2025 HANDLS Monthly Report

Suffice to say, all of this reinforces a timeless investing principle: diversification pays off over the long haul.

How Leading Consumer Brands Have Emerged Stronger Since 2019

The last five years have been among the most intense stress tests in modern business history.