This is what justifies Texas economic pride

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news
W S

Investments

Clear Capital: San Francisco facing bubble 2.0?

City by the Bay a bellwether for state, nation
Trey Garrison
San Francisco is often called the canary in the coal mine for housing, and some submarkets look a little bubbly. What does it mean? Clear Capital offers one answer.
Read More

This Dr. Seuss-inspired home is everything you think it would be

Happy birthday Dr. Seuss!
Trey Garrison
You can see it from the road, you can see it with a toad. You can see it from a plane, you can see it is not plain. Climbing the steps will make you tire. Click here to see on HousingWire.
Read More

LAPD shooting of homeless suspect highlights HUD challenge

Warning: Graphic video
Trey Garrison
The shooting Sunday of a homeless suspect by Los Angeles police officers brought to the forefront again the problem of homelessness and violence, and reiterates why the administration is pushing so hard to reduce the problem.
Read More

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
Ben Lane
It turns out that Morgan Stanley is not out of the woods when it comes to trouble with regulators. Far from it, in fact. The company disclosed that it is expecting to be the subject of a lawsuit filed by New York Attorney General Eric Schneiderman over approximately 30 subprime securitizations sponsored by the company.
Read More

Construction spending slows in January

Residential, private construction both slip at start of 2015
Trey Garrison
Construction spending slowed down in January, and it wasn't just the weather at work. Here's what happened.
Read More

FBR downgrades Nationstar, Walter Investment

Move comes after both posted losses last week
Trey Garrison
Nonbanks have been in the barrel in the last week, and now it's Walter Investment and Nationstar's turn. Here's what's happening.
Read More

Monday Morning Cup of Coffee: Ginnie Mae haunted by Taylor, Bean & Whitaker

REITs focus on MBS sputter; Private mortgage bond market looks strong
Trey Garrison
Ginnie Mae is in trouble, but not because of its core mortgage business. Also, signs that the housing and mortgage finance space may be slowing aren’t troubling non-agency MBS analysts, while Credit Suisse is battening down the hatches. Here’s the scoop.
Read More
From HW Magazine

Big banks, big returns?

Some of the nation's largest financial institutions offer better deals at low risk

The real no-brainer, however, is to look at how the bank performed in the last downturn. Invest in one that not only didn’t need a bailout but one that didn’t take major risks for the sake of short-term versus long-term gains.


Read More
From HW Magazine

How to rise above an industry shift

Lenders only need to take a small step toward evolving for the new marketplace
Mark McElroy

We’re only months away from two new forms that will radically change processes and liability in this industry. Any day now, a new generation of homebuyers will start knocking on digital doors of opportunity that will expose every limitation of current business operations.  And with all of the technology advances of our time, all we end up with is just a more complicated, expensive version of the “way things have always been done”.


Read More

BNY Mellon and Amherst form new real estate credit company

Amherst Capital Management will focus on “direct lending opportunities”
Ben Lane
Bank of New York Mellon is partnering with Amherst Holdings to launch a new company that will focus on real estate credit management. According to the companies, BNY Mellon and Texas Treasury Safekeeping Trust Company have made “significant capital commitments” to the new company.
Read More