Those focusing on John Paulon’s losses in gold are missing the hedge fund manager’s second round of ingenius trades invovling housing — this time on the bullish side, CNBC reports. 

The mortgage insurers are a purer, riskier play on housing than a bank since their business benefits only if homeowners can afford to keep making their payments and foreclosures don’t overwhelm the market.

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Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By