Real estate service provider Green River Capital released a new tool to allow people who are investing in the single-family rental bond market to better track their collateralized properties and the people who touch them.
The secondary mortgage market is staging a determined, if quiet, recovery. Our list of Secondary Market All-Stars spotlights companies at the heart of the industry who are delivering solutions and services in both the GSE and private-label market, and forging a path for others to follow.
Clayton Holdings announced several leadership changes as it continues to play to its strengths and execute on its long-term vision. Most notably, Lorenz Schwarz, the president of Green River Capital, has been promoted to executive vice president of strategic initiatives and new business at Clayton.
Clayton Holdings, a provider of mortgage services, appointed two new executive positions, naming Joe D’Urso president and chief operating officer of Clayton Holdings and Lorenz Schwarz president of Green River Capital.
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.