Articles by Jacob Gaffney

Trailblazer: Caliber Home Loans markets first non-prime mortgage bond

Can only get single-A, for now
There are pros and cons to this deal. Nearly half of the borrowers in the deal show a prior credit event, including foreclosure, bankruptcy, short sale or deed in lieu of foreclosure. However, the average borrower holds $230,000 in liquid reserves. And Fitch said there are some concerns on the issuer side as well, which limited the strength of the rating. The highest pool is single-A.
Read More

Trump University and the golden standard of real estate sales

Is this real estate education or just plain fraud?
The Trump University Sales Playbook tells sales staff to make a minimum of 80 calls a day; while trying to sell to college-educated male head of households making more than $90k/year. Is this real estate education or just plain fraud? Either way, he just announced plans to reopen the controversial University.
Read More

Judge hands Zillow latest victory in Move lawsuit

Or did it?
"There was no evidence presented that Zillow was in possession of any of the so-called missing storage devices," the judge overseeing the massive lawsuit between Zillow and Move stated in a new ruling. Move called for court sanctions against Zillow, claiming two former Move executives destroyed intellectual property before taking jobs at Zillow.
Read More

Love working in real estate finance, but hate to network?

3 tips to master small talk
As consummate appraisers, real estate agents, mortgage loan brokers, etc., readers of HousingWire are often called upon to network as part of their jobs, be it happy hour or industry conferences, such as MBA Secondary, which is going on right now. Love it or hate it, but at least learn to master it.
Read More

Home Depot stocking up for remodeling wave?

Dive deeper into the numbers and a strategy emerges
Today's earnings come on the heels of a weak building permits and housing starts report from the department of commerce. A closer look at those numbers, and Home Depot's, reveal a potential, bold strategy for the renovation retailer. Here it is.
Read More