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Investments

Freddie Mac targets smaller investors with new non-performing loan sales

New program features smaller pools and longer marketing timelines
Ben Lane
Freddie Mac announced a new program for auctioning off pools of deeply delinquent non-performing loans from its mortgage investment portfolio. The new program will target smaller investors by making smaller pools of non-performing loans available.
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Moody’s: New FHFA rules are credit positive for mortgage insurers

PMIERs remove “significant policy overhang”
Ben Lane
Private mortgage insurers, especially legacy insurers, are well positioned for success under the newly announced Private Mortgage Insurer Eligibility Requirements from the Federal Housing Financing Agency, according to a new report from Moody's. Click on through to find out why.
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Forum: If housing is to break stagnation, it needs regulatory reform

Balance needed between regulation and opportunity
Trey Garrison
Home prices are rising roughly twice as fast as wages, putting pressure on potential homebuyers and heightening the risk that any uptick in interest rates could be a setback. What can be done to fix this?
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Will this $69 door-security solution halt REO break-ins?

Armor Concepts jams the jamb
Trey Garrison
Vandalism and break-ins can be a big problem for investor-owned and REO portfolios, and one former home flipper developed a solution after he realized that alarm systems don’t really offer any protection.
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MGIC beats 1Q estimates with $133.1M profit

Company doubles net insurance written compared to 1Q14
Trey Garrison
MGIC Investment Corp. today reported net income for the quarter that beat analyst expectations, with a big gain in net insurance written in the first quarter. Here's where they took off.
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Has the mortgage market turned a corner?

Mortgage lending still below norms and signs point to...
Trey Garrison
The mortgage market has been as weak as the jobs market and the economy as a whole so far this year. Is it ready to turn a corner, or will it miss and continue right off the road?
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Auction.com: Flipping momentum grows in first quarter

The nation's top markets to flip or rent
Trey Garrison
The flipping trend seen throughout the fourth quarter of 2014 is still going strong – and building momentum in nearly every market surveyed. That’s what Auction.com reports.
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Private mortgage insurers see gains as FHFA PMIERS, g-fee changes sink in

MGIC, RDN big gainers in Monday trading
Trey Garrison
Mortgage insurers took a hit late last week after the FHFA announced its PMIERS and g-fee adjustments. Now that the Street has absorbed the changes, a couple are big gainers. Here's what's happening now.
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Fannie Mae economist: Economic momentum will boost housing markets

Still expect to see 2.8% boost in economic activity in 2015
Trey Garrison
Economic activity was suppressed in the first quarter due largely to the West Coast port disruptions and difficult weather patterns across the Northeast, but the economy is expected to gain momentum for the rest of the year. Here's why Fannie Mae thinks so, anyway.
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Monday Morning Cup of Coffee: FHFA g-fee, PMI shift too much or too little?

Clouds on housing finance horizon; Zillow/Move fight gets personal
Trey Garrison
Things are looking rough for housing with a sluggish start to the spring buying season, and that trickles all the way up to the outlook for agency MBS. Plus, Move takes off the gloves in its ads, and the industry reacts to recent FHFA moves. Read on.
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