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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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.

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