Who is Maren Kasper, the new head of Ginnie Mae?

Former Roofstock director at the center of numerous issues at HUD
Ginnie Mae said Wednesday that Maren Kasper, Ginnie Mae’s current executive vice president, will serve as acting president in Michael Bright’s absence. But what do we know about Kasper, who will soon be overseeing an agency that boasts a mortgage bond portfolio of more than $1 trillion? A look into Kasper finds housing experience, but also numerous issues during her time at HUD.
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Michael Bright abruptly steps down from Ginnie Mae

Asks to have nomination to serve as president withdrawn
It’s been almost two years since Ginnie Mae had a permanent president, and now it looks like the wait is going to continue. HUD announced late Wednesday that Michael Bright, who has been leading Ginnie Mae on an interim basis for nearly 18 months and was the Trump administration’s nominee to lead the agency, is leaving Ginnie Mae next week.
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Watt out: OCC’s Otting officially takes over as FHFA director

Otting will serve as interim director until Senate votes on Calabria
Mel Watt’s time as the director of the Federal Housing Finance Agency is officially over. Watt became the first Senate-confirmed director of the FHFA back in 2014, and led the FHFA for five years, but his term as FHFA director ended on Jan. 6, 2019. Here's a look back at Watt's time at the FHFA and a look ahead at what's next.
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Older Americans think stocks are better investment than real estate

Those aged between 35 and 44 would rather invest in the stock market
Despite recent stock market volatility, new data from Redfin suggests that less than 50% of older Millennials and young Gen-Xers believe investing in real estate is a good idea. Redfin Chief Economist Daryl Fairweather said the oldest Millennials and youngest Gen-Xers entered their late twenties or early thirties during the housing crash, which explains why they are more skeptical about investing in real estate.
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Freddie Mac set all-time record for multifamily security issuance in 2018

GSE issued more multifamily securities than ever before
Freddie Mac continued its record-setting ways in the multifamily business in 2018, establishing a new record for multifamily security issuance for the second year in a row. According to the government-sponsored enterprise, it issued $72.8 billion in multifamily securities in 2018, breaking its 2017 record of $68 billion.
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Computershare acquires LenderLive Network

Australian company continues U.S. expansion
Australian tech company Computershare is continuing its expansion into the U.S. mortgage market by acquiring LenderLive Network. Computershare first expanded into the U.S. in 2011 when it acquired Specialized Loan Servicing. The company later acquired Capital Markets Cooperative and Credit Risk Solutions (formerly known as Altavera Mortgage Services). And now, Computershare has completed its acquisition of LenderLive Network, a deal that was first announced back in August.
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Commercial real estate insider: Investors need to broaden their minds about funding sources

The most important debt products you may not know about
[Expert commentary] When it comes to debt, everyone seems to be eating from the same basic food groups. Banks, commercial mortgage-backed securities and big balance sheets dominate the market. If you're a multifamily investor, there’s also Fannie Mae and Freddie Mac. But most folks are really missing the most important and liquid debt products out there.
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Alternative equity release products give homeowners another choice

Homeownership investors and sale-leaseback companies offer debt-free equity access
For most people looking to tap their equity, a home equity loan or line of credit is the traditional route. But now, a number of innovative products have come to market that help homeowners tap into their equity – without incurring any debt. Here's a rundown of some of the alternative equity release products on the market right now.
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Washington Post: Government likely to remain partially shut down through new year

Democrats plan to roll out funding bill that excludes Trump's border wall
It’s been almost a week since the government entered a partial shutdown, attributed to growing tensions between the president and Congress. Unfortunately, as the year comes to an end, it’s now clear that any hope for a resolution has been diminished, according to reporting from the Washington Post.
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