Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
The Ticker

Investors pull out of rental market

foreclosure sign
/ Print / Reprints /
| Share More
/ Text Size+

According to CNBC, some big investors are pulling out of the single-family rental market after witnessing a stall in home price gains and a large drop in the number of distressed properties. CNBC has more:

"I think the investor market is largely past us," Doug Lebda, chief executive of Lending Tree told CNBC. "People were buying investment properties three, four, five years ago. What I hear is that's slowing now."

Recent reports that Oaktree Capital Group is selling about 500 of its homes added fuel to other reports that Och-Ziff Capital management is selling its homes as well. Both declined to comment on the reports. Carrington Mortgage Services stopped buying distressed homes late last year, claiming the market was "a bit too frothy."

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus