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.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

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

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Investments

Two Harbors plans new REIT for home rentals

Two Harbors (TWO) plans to launch a new real estate investment trust for acquiring single-family rental properties.

The Maryland REIT focuses on investments in mortgage bonds and has planned to issue a private-label mortgage-backed security since the end of last year. It is now working on an initial public offering for Silver Bay Realty Trust Corp.

Silver Bay will use the capital to buy, renovate, lease and manage single-family homes. Two Harbors would receive shares of common stock in the new REIT to be based in Maryland as well.

PRCM Real Estate Advisers, a joint venture between a Pine River Capital Management affiliate and Provident Real Estate Advisors, will manage Silver Bay externally.

Two Harbors made heavy investments on single-family rentals during the second quarter. It held a portfolio of $120 million in rental homes at the end of July, up from $6.1 million just three months prior.

“We are excited about the proposed Silver Bay transaction,” said Two Harbors CEO Thomas Siering. “We believe Two Harbors shareholders would benefit from the creation of a stand-alone, pure-play single-family residential property REIT. The current investment opportunity for single-family rental properties remains attractive and the proposed transaction would add additional scale and diversification to our existing portfolio.”

jprior@housingwire.com

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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