Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high
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Investments

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high
Trey Garrison
With 1.2 million buyers missing from the marketplace, something is wrong. But where is the real problem? Also, the interest rate and mortgage bond outlook, home prices, industry confidence and more.
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Investors still bullish on single-family rental market

Highlights from IMN Single-Family Rental Investment Forum
Lynn Effinger
While some recent downward pressure on yields experienced by the much larger institutional investors has somewhat tempered the enthusiasm surrounding single-family rentals, investors are still bullish on the performance of the new asset class.
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NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
Ben Lane
The next shoe has dropped in New Residential Investment’s acquisition of Home Loan Servicing Solutions. The company announced late Friday that it received a letter earlier in the week from NASDAQ, which stated that the stock exchange is delisting Home Loan Servicing Solutions, effective at the opening of business April 29, 2015.
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Five Oaks breaks into jumbo mortgage bonds

Launches first securitization
Ben Lane
After participating in two jumbo mortgage bond offerings brought by other issuers in 2014, Five Oaks Investment Corp. is launching a jumbo mortgage bond of its own. The offering, which will be issued as Oaks Mortgage Trust Series 2015-1, is backed by 383 mortgages with a total balance of approximately $267.2 million.
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Market demand causes Freddie Mac to upsize first actual loss STACR deal

STACR Series 2015-DNA1 increased from $720 million to $1.01 billion
Ben Lane
Citing market demand, Freddie Mac increased the size of its latest Structured Agency Credit Risk series offering, which gives investors the opportunity to secure actual loss positions for the first time. Here are the details.
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D.R. Horton reports $147.9M net income in 2Q on strong orders

Builder sees 33% surge in orders in first part of 2015
Trey Garrison
The nation's largest homebuilder surprised in its first quarter with gains and now with its second-quarter report it beat analyst expectations and will please its shareholders. Here's what happened.
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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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