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.
Saddled with legacy systems and burdened with changing regulations, the mortgage industry has been slow to adopt digitization compared to many other industries. Now, however, the industry must provide more transparency to regulators and satisfy consumers while managing tighter margins. In this perfect storm, there’s only one lifeboat — a digital process.
Has the Great Recession launched a new era of renting versus buying that will eventually result in a nation where more people rent their homes than purchase them? Or is the increase in renters these days due to an “over-correction” in the market? According to the latest “State of the Nation’s Housing” report from Harvard’s Joint Center for Housing Studies, the U.S., in less than a decade, lost all its homeownership gains of the last 20 years.
Armed with an overall measure of housing market performance relative to long-term trend; an accompanying metric explaining whether that market is overheated or not; and importantly a way to attribute deviations in home prices precisely to selected market variables, market participants would be in a better position to take precautionary actions to limit their exposure in highly volatile markets.