The ruling is a victory for the mortgage industry in its fight to retrieve property from delinquent homeowners. One attorney claims the ruling may eliminate thousands of similar homeowner lawsuits. Click the headline to read more.
“The industry is satisfied with the status quo but it isn’t working and we desperately need to find ways to enable Americans to become homeowners," Pam Patenaude said. "We are the only group that can bring bipartisan efforts together that represent every segment of the housing industry.”
Redwood has always been a securitization game-changer — even when getting out of the game. In the years following the housing crash, Redwood always found a way to stay on the forefront. As the private-label market for securitization produced little in securitization volume, Redwood continued to issue.
For risk-averse investors, the improvement in housing hasn’t assuaged the looming legacy issues. But a second group of investors believes that housing is in a favorable position in the distressed cycle, where leverage is lower than before and is just starting to increase. These opportunistic credit investors see housing-related exposure — in other words, residential credit — as a particularly attractive part of the market.
HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature.
A new target for investors looking to recover RMBS will be the trustees. In addition to the on-going global settlement cases, new lawsuits were issued last year between investors and trustees. This new type of litigation was initiated for investors to recover their losses on RMBS by accusing trustees of negligence and breach of contract.
Traditionally, single-family rentals has been a stable, albeit fragmented part of the U.S. housing market, primarily led by small-to-mid-size local operators. But the success of the institutional investor over recent months has opened the capital markets door to small-to-mid-size players.
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing.
Retrofitting residential homes to be more energy efficient makes sense, both from an environmental perspective and from a home-value perspective. However, capital markets financing for green building materials is wrought with hazards for both the investors, mortgage lenders and even the homeowners themselves.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.