The Ticker

Warren Buffett gives us all an update on his stake in affordable housing

Time for annual, public letter to Berkshire Hathaway shareholders
Every year billionaire investor Warren Buffett releases an annual letter to Berkshire Hathaway shareholders, unraveling the inner workings of his conglomerate’s performance. The 29-page document details the status of Clayton Homes, which specializes in manufactured homes, a key industry in fixing the affordability crisis.
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Property cash sales to hit pre-crisis levels this Summer

Distressed sales drop in November
Cash sales decreased annually in November at a pace which, if it continues, could bring to the market into its pre-crisis state much earlier than originally predicted. CoreLogic now forecasts that both cash and distressed sales could reach pre-crisis rates in 2017.
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Fannie Mae announces new front-end credit risk-sharing deal

Deal with insurers provides up to $375 million in coverage
Fannie Mae announced Friday that it executed its second front-end credit risk-sharing deal through its Credit Insurance Risk Transfer program. The deal provides insurance coverage on a maximum coverage of approximately $375 million from pools of single-family mortgages that carry a combined unpaid principal balance of approximately $15 billion.
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Independent voters growing more optimistic about economy

Republican and Democrat partisan gap grows wider than ever
The divide between Republicans and Democrats is growing wider as Republicans’ optimism hits new highs and Democrats’ pessimism hits new lows. Independents, however, are growing more optimistic about the future and present state of the economy.
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Here’s how first-time homebuyers in U.S. stack up to their Canadian neighbors

U.S. falling behind when it comes to down payments
First-time homebuyers in Canada and the U.S. both seem to be putting off buying a home amid rising home prices. However, the similarity between the two countries ends once these first-time buyers decide to make their purchase. While homebuyers in the U.S. are increasingly looking to lower down-payment options, down payment amounts in Canada reached an all-time high.
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Embrace Home Loans expands into Texas

Opens new office in Dallas suburb of Frisco
Recent reports from the Texas Association of Realtors and Fitch Ratings call out how hot Texas real estate right now, as more homes were sold last year than ever before. Seeking to strike while the iron is hot, Embrace Home Loans announced this week that it is expanding into Texas and opening its first office in the state.
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Impac reports best year in more than a decade

Mortgage originations surge
Impac Mortgage Holdings locked in a record financial year on Thursday, recording adjusted operating income of $96.9 million, or $6.52 per diluted common share, for all of 2016. This is significantly up from a year ago and a big contributor to this growth was purchase originations.
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