2 reasons the single-family rental securitization market won’t exceed $20 billion

Should mortgage technology and data be universally shared?

Yes, and no

Structural changes, oversight and second-lien reform critical for PL MBS

The game has to be changed to bring back private label capital
W S

Articles by Kerry Curry

From HW Magazine

Can immigrants save housing?

With immigration reform stalled, housing professionals look for ways to help undocumented residents achieve the American Dream
Kerry Curry
A surge of illegal immigration over the summer by unaccompanied minors has brought immigration reform and border security into the news in a big way. Still, the dramatic headlines — some claiming a humanitarian crisis — are unlikely to get immigration reform back on track in Congress. For housing leaders — who recognize immigration as a key driver of household formation — lack of immigration reform comes as a big disappointment.
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From HW Magazine

The Baby Boomer housing sell-off

When it will happen is still up for debate
Kerry Curry
When Arthur Nelson, a professor at the University of Arizona, went shopping for a home in Tucson recently, he found plenty of senior citizens trying to sell their homes — but at prices far more than what they were worth. "I was amazed at the number of homes that were overpriced by about 25% where the owners were seniors," he said. These seniors would barely counteroffer, taking so little off the asking price that it wasn’t worth negotiating, Nelson said.
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From HW Magazine

#Secret2Success

A look inside the social media war rooms remaking the mortgage business
Kerry Curry
Each weekday morning, Kendra Taylor settles into her cubicle at Nationstar Mortgage and fires up a computer and two monitors. With a few keystrokes, she sends out a morning greeting: "Happy Monday! We hope everyone had a fantastic weekend. We’re back to work and ready to help out if you need us!"
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From HW Magazine

Is the party over?

Originators must jump higher and work harder in today's market
Kerry Curry
David Stevens calls it a watershed year for the nation’s mortgage originators. Stevens, the head of the Mortgage Bankers Association, calls it a “systemic change” in the market. It’s one that is keeping lenders up at night, worrying about declining loan volumes, costly regulation and rising interest rates.
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From HW Magazine

"Let's rent."

The future of single-family rental securitizations is now here
Kerry Curry
More and more Americans are choosing to rent instead of buy. With two single-family rental securitizations on the market at press time and more likely in the works, this new asset class has the financial market energized.
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From HW Magazine

Split personality

HELOC defaults will increase but opportunity knocks with rising originations
Kerry Curry
Home equity lines of credit initiated during the run-up of the housing market turn 10 this year. It’s not a birthday anyone is particularly celebrating, but one in which lenders are still making a silent wish before blowing out the candles.
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From HW Magazine

A surge, now over

Once-hot short sales cool off
Kerry Curry
Distressed property sales, including short sales, accounted for 21.6% of national sales in the fall of 2013, according to a recent four-month rolling quarter report from Clear Capital — a far cry from the peak of 41% in 2011.
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From HW Magazine

Gaining traction

GSE reform moves forward, albeit slowly
Kerry Curry
In early August, President Obama reminded lawmakers of their consensus to wind down Fannie Mae and Freddie Mac. He was talking before a gathering in the apt surroundings of Phoenix. The choice of location — at a construction company no less — was clearly no accident. The Arizona desert city was a poster child for the housing crash that enveloped the U.S. in 2008. These days, the president said, the Phoenix metro area is experiencing one of the nation’s most rapid housing recoveries.
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From HW Magazine

Coming full circle

Inside the rise of Equator, the most enigmatic software company in real estate
Kerry Curry
The genesis for Equator, which provides business automation software and an e-commerce hub used by some of the nation’s biggest mortgage servicers, began inauspiciously at eBay...
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From HW Magazine

The billion-dollar question facing Carol Galante

The FHA is on the brink on the next big government bailout. Potentially.
Kerry Curry
Federal Housing Administration Commissioner Carol Galante is a regular on Capitol Hill these days. New members on the Senate and House banking committees seek some one-on-one face...
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