Single-family rental bonds are here to stay

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S

News

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow
Ben Lane
During an ABS East panel on REO-to-rental securitizations, the panelist agreed that the asset class is here to stay. “The demand for these types of loans is very, very encouraging,” Colony American Finance's Beth O’Brien said. “This isn’t quite as new as it sounds.”
Read More

Renters now better at paying their bills

Continue to witness improvement in credit risk
Brena Swanson
Renters continue to witness improvement in their credit risk, giving them more opportunities to receive better rental terms. And the improvement even helps property managers.
Read More

Housing, tech stocks take a beating on troublesome data

HW 30 index look like a slaughterhouse floor
Trey Garrison
Declining economic activity and a serious drop in existing home sales opened the door for housing stocks to take a beating Monday.
Read More

USRealty.com acquires national real estate brokerage

Housepad acquisition expands company's reach
Brena Swanson
USRealty.com announced it has acquired national real estate brokerage Housepad, which will enable it to offer cost-effective property sales for homeowners, commercial brokers, home-selling websites and institutional real estate portfolio managers.
Read More

Single GSE bond is coming, but when?

FHFA, GSEs provide update at ABS East
Ben Lane
“The CSP is a very important goal of the enterprises,” FHFA Senior Associate Director Robert Fishman said. “We have made real progress on the software build, but development will continue for quite a while. This is not a done deal.”
Read More

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling
Trey Garrison
A Government Accountability Office comprehensive study released by the ranking member of the U.S. Senate Banking Committee confirms that the Consumer Financial Protection Bureau is collecting financial data on up to 600 million consumer credit card accounts, without sufficient security and privacy protections to ensure there is no risk of improper collection, use, or release of consumer financial data.
Read More

Investors Unite: No, District Court ruling won’t affect GSE lawsuit

Ruling unconnected to issue of ‘third amendment sweep’
Trey Garrison
A ruling late Friday with U.S. District Judge Amy Jackson holding that Fannie Mae shareholders cannot sue the Department of Treasury in a derivative action may not be the blow to the shareholder case against Treasury that HousingWire first cast it as.
Read More

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
Brena Swanson
While homeownership is the cornerstone of the America dream, the new Secretary of the Department of Housing and Urban Development, Julián Castro, noted that this just isn’t as possible as it used to be for many Americans. But Ginnie Mae is quickly working to combat this.
Read More

3 burning appraisal questions for the CEO of Veros

This is what Darius Bozorgi means
Jacob Gaffney
During a recent panel at the Bipartisan Housing Summit, Darius Bozorgi, the CEO of Veros, indicated that he felt the technological approach of Fannie Mae, Freddie Mac and the Federal Housing Administration should be extended to the rest of the housing industry. Here's what he meant.
Read More

Financial Stability director: SIFI designation is not “too big to fail”

Pinschmidt: “That’s just plain wrong”
Ben Lane
During the Monday keynote address at ABS East in Miami, Patrick Pinschmidt, the deputy assistant secretary and executive director of the FSOC, said that the SIFI designation is designed to bring additional oversight of nonbanks in an attempt to mitigate the impact of a nonbank’s potential failure on the country’s economy.
Read More