Investments

June 19, 2013

Shellpoint Partners first RMBS deal carries geographical risk

Specialty finance firm Shellpoint Partners debuted on the...

FOMC carves recovery from bond buying program

The central bank plans to continue purchasing additional agency mortgage-backed securities to nuture the nascent housing recovery while trying to keep unemployment rates down.

They Said It

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Nonagency residential mortgage-backed securitization issuance is expected to reach between $30 billion and $40 billion in 2013 as a result of companies and real estate investment trusts making a comeback in the market, according to John Sim of JPMorgan Chase.

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The Ticker

» Home Loan Servicing Solutions raises money to purchase Ocwen mortgage assets

» TPG Capital invests in AV Homes

» Agency MBS yields jump to 14-month high

» Empire State Building gears up for IPO

» Homebuilders and lumber dealers face supply shortage

» Texas homebuyer demographic shifts from singles to marrieds

» Study finds same-sex couples face housing bias

» Sacramento grows mortgage industry jobs

» Servicers foreclosing in Lynn, Mass. face hard-hitting ordinance

» Foreclosure filings plummet, fall 50% in Colorado

Investments News

Housing recovery fuels investor appetite for looming junk bond deal

Bernanke forewarns against hitting the brakes too early

Increase in REIT conversions drive concerns over status: BDO

Checkmate: Jamie Dimon defeats proposal to split his role

Investors should strike on agency MBS, but remain cautious: BofAML

Up-front risk sharing will lure in private capital: MBA

Investors find private-label RMBS facing rep and warrants issues attractive

Fed may cut Treasurys before ending MBS purchases

ReWired

FHFA tells Congress principal reduction choice is mathematical

"We concluded principal forgiveness results in a lower net present value than principal forbearance," the text continues. So at this point, there are no plans to remodel the Home Affordable Modification Program Principal Reduction Alternative.

June Cover Story

Virtual realty: HousingWire's top 50 real estate tech solutions

HousingWire introduces its inaugural RETech:50 highlighting the accomplishments of 50 technology-driven real estate companies.

Feature

Private-label RMBS trailblazer Redwood Trust sets aggressive issuance pace

by Christina Mlynski

There are only a handful of consistencies investors can rely on in the private-label market these days. Redwood Trust issuing at least one residential mortgage-backed securities deal a month is one.

Commentary

Too big to fail remains issue

by David Altig

As Federal Reserve Chairman Ben Bernanke has indicated, too-big-to-fail remains a major issue that is not solved, but "there’s a lot of work in train."

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