Investments

Monday Morning Cup of Coffee: Don't worry, Warren Buffett says there's no housing bubble

And then he puts his money where his mouth is
Over the weekend, thousands of enthusiastic followers of Warren Buffett descended on Nebraska to hear from the famed "Oracle of Omaha" at Berkshire Hathaway’s yearly meeting. During the meeting, Buffett touched on the economy, investing, politics and life. And housing. Quite a bit about housing, actually. Here's your full recap, plus more on Buffett's burgeoning homebuilding empire. All that and more, in your Monday Morning Cup of Coffee.
Read More
From HW Magazine

Ten-X Homes platform offers non-auction home sales online

Institutional and individual investors can sell move-in-ready homes
Investors can choose to use an online auction process, or the new non-auction transaction process, depending on the property and the market conditions. Ten-X Homes is dedicated exclusively to the sale of move-in ready single-family homes, so investor properties will be marketed with other high-quality, non-distressed homes.
Read More

Dick Bove: Where will the mortgage money come from?

Equity analyst not sure there's an answer
In light of Rafferty Capital Markets equity analyst Dick Bove's obvious bias, there's no denying he has a valid point: the primary source of mortgage financing in this nation is under threat. That threat is not only inaction but political wrong-headedness.
Read More

CFPB: Changes to TRID coming soon

Bureau responds to industry trade group concerns
Top industry groups banded together to get the CFPB to reopen talk around the rule, and it worked. The CFPB said it has begun drafting a Notice of Proposed Rulemaking on the Know Before You Owe rule. And it's probably coming faster than you think.
Read More

Here's why Radian's 1Q revenue beat expectations

New mortgage insurance written drops to $8.1B
It was a strong quarter for mortgage insurer Radian. The company beat revenue expectations and was in-line with earnings per share expectations. Here’s how the company fared along with their reason behind the positive quarter.
Read More

Bernie Sanders hints at Elizabeth Warren as potential VP

Doomsday scenario for Wall Street?
While the presidential campaign of Bernie Sanders may be facing some mounting odds, Sanders is still a viable and active candidate, and still has at least a theoretical chance of winning in November. And while his odds may be long, that isn't stopping Sanders from floating a name of a potential running mate that would send a serious shiver down the collective spine of Wall Street – Elizabeth Warren.
Read More

Mortgage REIT stocks on the rise?

Some, but not all, appreciation in the double digits
Although some areas fared better than others, overall REITs seem to be on the rise, with some making stock gains even in the double digits. But, as with all stocks, be careful on what you pick.
Read More