Altos: Critics wrong about housing, it’s going to soar

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

Items Tagged with 'Private capital'


FBR: Make credit available or we won’t see $1 trillion in originations

Weak May and June continue to drag market down
July 8, 2014
Nothing happens in this industry without mortgage originations. They’re the lifeblood of this industry. Without originations, there are no servicing rights available for purchase and there are no securitizations to invest in.
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Freddie Mac offloads $285 million more in credit risk to insurers

Largest credit risk transfer of its kind
July 7, 2014
Between the four STACR deals and the three ACIS deals, Freddie has offloaded risk on more than $100 billion in single-family mortgages.
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Treasury asks you how to revive “dormant” private label RMBS market

Pushes for return of private capital to ease credit crunch
June 27, 2014
U.S. Treasury Secretary Jacob Lew said that the Treasury is hoping to “foster the development of a safe and sustainable private market for mortgage lending that can serve alongside government-supported options,” by working with investors and securitizers to “uncover new paths to increase private investment.”
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Obama administration reveals plan to jump-start housing

Extends HAMP to 2016, announces measures to attract private capital
June 27, 2014
Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Treasury Secretary Jacob Lew announced three new plans to boost housing in the U.S.
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Private capital is returning to the mortgage market

Shrinking spread between jumbo and conforming mortgages is a positive indicator
April 11, 2014
“We think that the decline in the jumbo-conforming mortgage interest rate spread is a positive sign for the future of the mortgage market,” Capital Economics Property Economist Paul Diggle said.
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From HW Magazine

Don't call it a comeback -- because it's not

A real restart for private-label RMBS issuance faces a daunting set of obstacles
January 1, 2014
A financial industry publication recently reported, “Carrington Mortgage, Citadel Servicing and New Penn Financial are planning securitizations of newly originated subprime mortgages.” The publication went on to say in breathless tones that “[t]he offerings, on the slate for 2014, would confirm recent predictions that deals would soon start flowing in the asset class…”
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Who should own profits at Fannie, Freddie?

November 21, 2013
Now that the Fannie Mae and Freddie Mac are highly profitable and paying huge sums of money to Treasury each quarter -- and, as of the third quarter, having mostly repaid all of the government loans given to them during the financial crisis -- the fight about what to do with the GSEs' gobs of cash is just warming up.
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Freddie Mac continues to offload credit risk

GSE inks insurance deal to cover $77M in risk
November 12, 2013
Freddie Mac made headway in limiting its credit risk after inking a deal with a private insurer to guaranty a pool of single-family loans funded in the third quarter of 2012.
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Freddie Mac prices second risk-sharing deal

GSE pleased with market acceptance of the bonds
November 5, 2013
"With two successful STACR offerings under our belt, we are well on our way to having a scalable offering with regular issuances. We are pleased with the markets’ acceptance of these bonds," Freddie Mac executive vice president of single- family business David Lowman said.
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Sen. Warren sounds the alarm on irresponsible housing reform

Outlines five initiatives to transition the market with minimal impact
October 29, 2013
While Sen. Elizabeth Warren, D-Mass., made it crystal clear to a massive crowd that reform is ‘absolutely necessary,’ she urged Congress to act carefully because any hiccup in the creation of a new housing finance structure will be costly to middle-class taxpayers.
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