Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Freddie Mac completes largest sale ever of seriously delinquent loans

GCAT Management Services wins all three pools
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Investments

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week
Trey Garrison
Housing and mortgage finance has had a rough time so far this year. This week could be the week it turns, or the week that turns on the industry. Either way, we’ll still have baseball.
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B2R Finance launches first multi-borrower single-family rental securitization

Consists of $230 million aggregate balance
Brena Swanson
Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.
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Congresswoman wants to put Fannie, Freddie profits in escrow

Introduces bill to force action on GSE reform
Trey Garrison
A congress member wants to put profits from the government sponsored enterprises in escrow. Is it so crazy it just might work?
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Confirmed: White House tapping senior HUD advisor to head FHA

Former Freddie Mac exec Edward Golding to be named
Trey Garrison
Former Freddie Mac executive and current senior HUD advisor is being named the new head of FHA.
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Piketty’s Folly: Wrong on inequality, wronger on homeownership

Turns out housing the best way to build wealth
Trey Garrison
Homeownership, as it turns out, is doing a better job at building generational wealth than most anything else. It's almost as if there’s a flaw in popular socialist economic theory.
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FBR Capital lowers target for Nationstar, keeps future EPS estimates

Nationstar moving toward traditional bank structure
Trey Garrison
FBR Capital lowered their target for Nationstar Mortgage from $30 to $25 following the company’s stock offering to raise capital and several MSR acquisitions.
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Fannie Mae to list risk-sharing bonds on Irish Stock Exchange

Will hold “sufficient” credit risk to ensure compliance with European Union rules
Ben Lane
European investors seeking to buy into the U.S. mortgage market will now have that opportunity, after Fannie Mae announced that it plans to list all of its outstanding risk-sharing mortgage bonds on the Irish Stock Exchange.
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Nationstar drops more than 10% in day's trading after $500M public offering

Investors seem wary of what the deal says
Trey Garrison
Yesterday's public offering of 17.5 million in common stock by Nationstar Mortgage to raise funding isn't pleasing investors. Here's what's happening on the Street.
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Freddie Mac prices first high-LTV risk-sharing bond of 2015

STACR 2015-HQ1 features loans with 80-95% loan-to-value ratio
Ben Lane
Freddie Mac priced its first high loan-to-value risk-sharing bond of 2015, which is supported by loans with LTV ratios of 80-95%. According to Freddie Mac, the deal was greeted positively by investors.
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Nationstar to fund MSR purchases with stock offering

Announces plans to sell 17.5 million shares of common stock
Ben Lane
In the last month, Nationstar Mortgage reached two separate agreements with Ocwen Financial to purchase nearly $35 billion worth of mortgage servicing rights. Nationstar is planning to fund those purchases by executing a public offering of common stock.
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