The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

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Mortgage

AIG plans to take mortgage insurer United Guaranty public

Activist investors are pushing for company split

Ceding to pressure from activist investors, American International Group plans to take its mortgage insurer, United Guaranty, public later this year, according to a report from Bloomberg.

The Bloomberg report states that United Guaranty’s initial public offering is currently slated to be for $100 million but notes that the amount could possibly change.

According to the Bloomberg report, United Guaranty won’t receive any of the money from the IPO. The Bloomberg report adds that JPMorgan Chase and Morgan Stanley are underwriting the deal.

According to the Bloomberg report, the move comes as AIG is receiving pressure from several activist investors to break up the company.

From Bloomberg:

AIG Chief Executive Officer Peter Hancock has faced continued calls from activist investors Carl Icahn and John Paulson to pursue a more drastic breakup of the company. Hancock has already said he’s planning to fully exit United Guaranty. In January, a plan was announced to sell up to 19.9% of the United Guaranty business in an IPO, the first step to a full separation.

According to AIG’s documents filed with the Securities and Exchange Commission, United Guaranty is the “leading private mortgage insurance company in the United States.”

AIG cites several reasons why the United Guaranty is poised to succeed in the future, including the “improving fundamentals of the housing market,” “favorable long-term demographic drivers,” and “higher credit quality of new mortgage originations.”

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