How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'KBW'

ARTICLES

KBW: Single-family REO market tops $25 billion

Asset class growing more institutionalized
Trey Garrison
A client note from Keefe, Bruyette & Woods says that major institutional players have now invested $25 billion in the single-family rental market, acquiring some 150,000 properties nationwide.
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Investors Unite: We have not yet begun Fannie, Freddie fight

Appeals, other suits in play despite Lamberth ruling
Trey Garrison
The judicial dismissal of a lawsuit brought in District Court by Perry Capital and Fairholme Funds is definitely a setback, but the shareholders fighting against the federal government’s sweep of profits from the GSEs say they are down, but not out by a long shot.
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KBW: 2Q mortgage banking earnings down YOY

Nonbanks see stronger gains as banks leave space
Trey Garrison
With many of the major banks and nonbanks in the mortgage space having reported their second quarter earnings and more coming this week, mortgage banking earnings generally increased quarter-over-quarter, but this was off of the low base set with the first quarter drop.
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KBW, FBR relatively bullish on mortgage originations

Expectations down from start of 2014 but optimistic on 2Q bounce
Trey Garrison
Despite a rough start to 2014, two major research and analysis firms are bullish on mortgage banking despite diminished expectations for overall volumes in 2014.
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KBW: Plan to wind down GSEs will fail

Analysts say GSEs' survival chances keep improving
Ben Lane
KBW’s analysts predict that the Treasury will eventually shift its focus from winding down the GSEs to seeking to unwind its investment in the companies. But the analysts said that this shift could take several years.
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Colony rental securitization prices

Investor demand sparks "positive" return
Sarah Wheeler
Moody's provisional ratings of the rental securitization deal was cited by the analysts as one of the reasons for the pricing, noting that it added "institutional credibility" to the deal. Kroll Bond Ratings and Morningstar also provided similar ratings.
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Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
Ben Lane
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
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Good heavens! REO-to-rentals trying to turn a profit?

NYT: This new asset class thing is new and therefore scary or something
Trey Garrison
Having just discovered REO-to-rental as an asset class, the New York Times wants you to know it is not really in favor of this concept. Therefore, it's exactly like what caused the financial crisis.
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American Homes 4 Rent jumps on REO-to-rental wagon

Enters rental-backed bond market
Brena Swanson
American Homes 4 Rent is the latest company to capitalize on the REO-to-rental securitization market and securitize a portion of its portfolio of single-family properties.
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Single-family rental securitization market boasts near trillion-dollar potential

Blackstone-Invitation Homes deal prompts KBW to analyze the sector's overall value
Kerri Ann Panchuk
The REO-to-rental securitization deal that Blackstone subsidiary Invitation Homes brought to market is just the tip of the iceberg, with KBW analysts forecasting a nearly trillion dollar market when calculating the lingering possibilities that exist for single-family rental securitization deals.
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