The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Uncategorized

Taylor Wimpey finally sells North American assets

U.K. construction firm Taylor Wimpey found a buyer for its North American businesses after rumors of a sale emerged four months ago. Or, to be more exact, Taylor Wimpey found buyers. The U.S. homebuilding business, Taylor Morrison, is being sold to a private investment consortium for $995 million. Taylor Wimpey’s Canadian homebuilding company, Monarch, is part of the deal. The investors are Fort Worth, Texas-based TPG Capital, Los Angeles-based Oaktree Capital Management and Canada-based JH Investments. The investors will break up the business for separate, independent management. “We’ve weathered the storm while remaining true to our core values,” said Taylor Morrison CEO Cheryl Palmer. “We’ve pulled through with a structure that we feel is very viable in today’s market.” The rumors first appeared in a HousingWire editorial published on Dec. 8. The transaction is contingent upon shareholder approval in the United Kingdom and must clear and regulatory hurdles. The transaction is expected to close by the end of May 2011. TPG currently manages ST Residential, a $4.5 billion portfolio of mortgage loans and REO assets previously owned by Corus bank. Write to Jacob Gaffney. Follow him on Twitter @JacobGaffney.

3d rendering of a row of luxury townhouses along a street

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