Investments

Hey regulators, let’s fix the Community Reinvestment Act

It’s time to make CRA more effective in the 21st century banking system
The Community Reinvestment Act is important to provide fair access to credit and investment, and many financial institutions agree it’s an important tool in their business strategy. But current guidelines render it ineffective, and it’s time regulators institute much-needed change.
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Fannie Mae reports income of $4.5B in Q2

Will pay Treasury $4.5B in Q3
Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by an increase in credit-related income due to the redesignation of loans from held-for-investment to held-for-sale. This income is up slightly from Q1's $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
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Real estate tech company Skyline AI gets $18 million vote of confidence from JLL, others

After just 4 months of fundraising, CRE artificial intelligence developer raises $18 million in Series A
Investors are eager to get their hands on AI for their investment efforts. Skyline AI is cashing in on that demand garnering interest from major players in the commercial real estate space, including backing from JLL's new tech investment fund.
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Need cash? Take an equity partner

Homeownership investment companies offer debt-free access to equity
As housing becomes less affordable, the definition of homeownership just might become more flexible. Homeownership investment companies are popping up around the country, offering cash to homeowners for the opportunity to share in the appreciation of their property.
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From HW Magazine

The Multifamily Movement: Renting steps into the spotlight

More Americans are opting for apartment-style living
Favored as one of the most stable real estate investments, and quickly becoming America’s abode of choice, apartments are inching toward center stage in the residential real estate realm. Skyrocketing home prices, hefty interest rates and demographic trends are creating a perfect storm for multifamily to step into the spotlight. There are 111,054,354 renters in the U.S., according to the U.S. Census Bureau. This represents 35% of the U.S. population, and that number is increasing as people continue to move from rural or low-growth areas to national job nodes.
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From HW Magazine

2018 Women of Influence: Renee Schultz

Senior Vice President of Capital Markets, Fannie Mae
Renee Schultz, senior vice president of capital markets at Fannie Mae, has been with the government-sponsored enterprise for 20 years, weathering the housing crisis and helping provide liquidity to 1,200 lenders with her team through establishing and implementing credit pricing terms, executing strategies to transfer credit risk associated with Fannie Mae’s single-family business, the trading of mortgage-backed securities, purchasing and subsequent securitizing of whole loans and through the Early Funding program.
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From HW Magazine

2018 Women of Influence: Sheryl Palmer

Chairman and CEO, Taylor Morrison
Sheryl Palmer’s resilience and resolve helped Taylor Morrison not only weather a global economic recession and housing market crash, but emerge from it on a stellar growth trajectory.
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From HW Magazine

2018 Women of Influence: Constance Freedman

Founder and Managing Partner, Moderne Ventures
As founder and managing partner of Moderne Ventures, Constance Freedman is an extraordinary connector and industry influencer for both real estate and venture capital. She has held active roles on the advisory board for the National Venture Capital Association’s Corporate Venturing Group and was recently elected as a board member for Equity Lifestyles.
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From HW Magazine

2018 Women of Influence: Michelle Donnelly

Chief Commercial Officer, Movement Mortgage
As the chief commercial officer for Movement Mortgage, Michelle Donnelly has been the driving force in the company’s corporate strategy development and execution over the past year. She led the process with other leaders that resulted in Movement selecting three “strategic big bets” for its future. The bets are a commitment to investing in people development, world-class technology and a commitment to leveraging people and technology to result in marketshare growth.
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