Breaking News
  • Mercury Network acquires Platinum Data Solutions

    In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.

Articles by Amy Macintosh

From HousingWire Magazine

Quiet crusade: The mother-daughter duo determined to improve affordable housing

Pam and Meghan Patenaude work behind the scenes for change
“The industry is satisfied with the status quo but it isn’t working and we desperately need to find ways to enable Americans to become homeowners," Pam Patenaude said. "We are the only group that can bring bipartisan efforts together that represent every segment of the housing industry.”
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From HW Magazine

The rise and fall of Redwood Trust RMBS

Is the lack of jumbo mortgage bonds a sign of troubled times ahead?
Redwood has always been a securitization game-changer — even when getting out of the game. In the years following the housing crash, Redwood always found a way to stay on the forefront. As the private-label market for securitization produced little in securitization volume, Redwood continued to issue.
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From HW Magazine

How investors get access to housing credit

A growing demand for housing collateral fuels rated distressed capital
For risk-averse investors, the improvement in housing hasn’t assuaged the looming legacy issues. But a second group of investors believes that housing is in a favorable position in the distressed cycle, where leverage is lower than before and is just starting to increase. These opportunistic credit investors see housing-related exposure — in other words, residential credit — as a particularly attractive part of the market.
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From HW Magazine

Reaching the credit invisible

Can rethinking credit scores revolutionize lending?
HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature.
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From HW Magazine

Is the threat of subprime bond lawsuits fading?

Investors may finally get paid
A new target for investors looking to recover RMBS will be the trustees. In addition to the on-going global settlement cases, new lawsuits were issued last year between investors and trustees. This new type of litigation was initiated for investors to recover their losses on RMBS by accusing trustees of negligence and breach of contract.
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From HW Magazine

Room to boom

Single family rentals take the next step
Traditionally, single-family rentals has been a stable, albeit fragmented part of the U.S. housing market, primarily led by small-to-mid-size local operators. But the success of the institutional investor over recent months has opened the capital markets door to small-to-mid-size players.
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From HW Magazine

Real Estate Crowdfunding

A new, esoteric funding solution space is getting quickly cramped
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing.
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From HW Magazine

Financing for green

The mortgage business discovers the benefits of green homes
Retrofitting residential homes to be more energy efficient makes sense, both from an environmental perspective and from a home-value perspective. However, capital markets financing for green building materials is wrought with hazards for both the investors, mortgage lenders and even the homeowners themselves.
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From HW Magazine

Funding the MSR land grab

What the industry is doing with its excess warehouse space
Large banks are actively looking to minimize their MSR exposure. 2014 is likely to go down as the year of mortgage servicing financing.
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