3 tips to recruiting Millennial loan officers

3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry

Fannie, Freddie CEOs get a well-deserved huge boost in pay

It's about time

5 tips for new renters this summer

Can you afford it?
W S

Investments

Steven Cohen’s Point72 Asset Management discloses passive stake in Nationstar

Now owns more than 5% of nonbank
Ben Lane
A filing with the Securities and Exchange Commission revealed that Point72 Asset Management and its founder, billionaire Steven Cohen, own more than 5% of Nationstar Mortgage Holdings.
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Moody’s Analytics: Single-family rental growth will accelerate

Biggest growth in western, southern markets
Trey Garrison
Single-family home rentals since the housing bubble burst nearly a decade ago have seen massive growth, according to a new look from Mark Zandi, Moody’s Analytics’ chief economist — but there's more to come. Here's why.
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Fannie, Freddie CEOs get a well-deserved huge boost in pay

It's about time
Jacob Gaffney
Early last month, the wheels were set in motion to increase CEO compensation of the government-sponsored enterprises to a level similar to CEOs doing the same jobs at other companies. The FHFA director wants this but the White House doesn't. The FHFA is right. Here's why.
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From HW Magazine

Smoking gun?

What a Treasury memo reveals about its intentions for GSEs and investors
Trey Garrison
The Treasury document also contradicts statements made a number of times by Treasury officials about the capital ratios that Fannie Mae and Freddie Mac would have to maintain. The document claims the percent is 3% to 4%, while statements since then have claimed 10%.
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Seattle’s ‘Up’ house now facing demolition

Buyer backs out of deal for ultimate spite house
Ben Lane
A truly unique Seattle-area home that boasts neighbors like L.A. Fitness and Trader Joe’s is on the verge of being torn down, a sad end to a tale that many likened to a real-life ‘Up.’
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Treasury sweep of Fannie, Freddie shareholder profits "costly for housing"

National Law Review: FHFA in “breach of its duties under HERA”
Trey Garrison
Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator, and in a National Law Review article, he supports their contention.
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S&P Case-Shiller: Home price gains slowed in April

Nationally home prices gained 4.2%
Trey Garrison
Home prices in April continued their rise across the country over the last 12 months, but the pace of the gains slowed, according to the S&P/Case-Shiller Home Price Indices. Is there a problem?
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Impac boosts lending capabilities with $30M loan from Macquarie Group

Plans to use funds to “opportunistically” retain mortgage servicing rights
Ben Lane
Impac Mortgage Holdings, which is already having itself quite a year, is set to grow its lending capability even more, thanks to a capital infusion from the Macquarie Group. Here are the details.
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Freddie Mac’s second actual loss STACR deal prices wide

Previous deal upsized due to market demand
Ben Lane
After market demand caused Freddie Mac to increase the size of its first Structured Agency Credit Risk series offering featuring actual loss positions, Freddie Mac announced the pricing of its second actual loss STACR deal, with STACR Series 2015-DNA2 pricing wide compared to STACR Series 2015-DNA1.
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U.S. Conference of Mayors: Don’t sell non-performing loans to Wall Street

Mayors tell HUD, Fannie and Freddie to sell to non-profits instead
Ben Lane
The U.S. Conference of Mayors is joining a growing chorus calling on the U.S. Department of Housing and Urban Development, Fannie Mae and Freddie Mac to stop selling pools of non-performing loans to “Wall Street speculators,” and requesting that the pools be sold instead to non-profits interested in keeping homeowners in their homes.
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