HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
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Investments

Lone Star invests $1 billion in high-risk Caliber loans

New loans will target Alt-A and "high quality" subprime borrowers
Ben Lane
According to a report from Bloomberg Businessweek, after about $200 million worth of loans have been made, the debt will be packaged into bonds and sold, with the new fund, Lone Star Residential Mortgage Fund I, retaining the riskiest pieces, according to the materials. The company expects to provide investors gross returns of 15% after three years.
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$8.5B BAC settlement one step closer to resolution

Key opponent drops objection suit
Brena Swanson
Bank of America’s $8.5 billion settlement with investors in mortgage-backed securities is another step closer to receiving final court approval, with one key opponent dropping its objections.
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Kain: Big opportunity in mortgages lies ahead

Best still ahead, Kain tells clients at MREIT presentation
Trey Garrison
The bulk of the potential benefits from the post-housing crisis structural changes to the mortgage market haven’t been realized yet, American Capital Agency and American Capital Mortgage CIO Gary Kain said in the firm’s Mortgage REIT day presentation.
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Investors Unite: We have not yet begun Fannie, Freddie fight

Appeals, other suits in play despite Lamberth ruling
Trey Garrison
The judicial dismissal of a lawsuit brought in District Court by Perry Capital and Fairholme Funds is definitely a setback, but the shareholders fighting against the federal government’s sweep of profits from the GSEs say they are down, but not out by a long shot.
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Fannie Mae, Freddie Mac stocks plummet amid lawsuit

Judge throws out investors’ lawsuit
Brena Swanson
Fannie Mae and Freddie Mac stocks dropped on Wednesday, after a judge threw out a lawsuit brought by investors in the companies to stop the government from making the companies pay a quarterly dividend to the U.S. Treasury.
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KBRA: Home price growth will continue to slow to normalized levels

Sustainable price appreciation should align more with income, inflation
Trey Garrison
Home prices rebounded at annual rates of more than 10% in 2012 and 2013 according to most popular measures of home price appreciation, buoyed by a lack of supply and a large number of cash buyers, Kroll Bond Rating Agency reports.
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JPMorgan to face $10B MBS case

Bank hit with class action lawsuit
Brena Swanson
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
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Construction spending declines 0.8% in August

Private and residential spending both down from July
Trey Garrison
Construction spending fell 0.8% in August to a seasonally adjusted annual rate of $961 billion, well below analyst expectations and below the July printing of $968.8 billion, the Census Bureau said.
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Trulia: Home prices 3% undervalued by historic measure

Only 7% of 100 largest metros are more than 10% overvalued
Trey Garrison
Trulia Chief Economist Jed Kolko says that despite the current deceleration in home prices worrying some, and claims from others that home prices are too high, home prices nationally are actually 3% undervalued in the third quarter of 2014.
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Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
Jacob Gaffney
The decision arrives more than a year after hedge fund Perry Capital sued the Treasury Department and the Federal Housing Finance Agency, which oversees the government-owned mortgage companies.
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