Brent Taggart is Senior Vice President of Client Relations at Green River Capital, a leading real estate company, providing a variety of asset management, loss mitigation and portfolio valuation/due diligence services.
Pavaso and eOriginal partnered to digitalize the mortgage process. Through the partnership, the closing process will become fully digital, which includes the creation, execution and vaulting of an eNote for the delivery to the secondary market.
Institutional investors started buying large pools of single-family rentals three or four years ago. Back then, no one was really sure if it was new asset class or a just trade. Now, the market’s obvious appetite suggests that SFR is definitely a business, not an anomaly.
In the days following the 2016 election, business leaders across many industries were hopeful that the new president would make good on his promise of widespread deregulation. Banks and other financial institutions were especially optimistic. Here at last was the relief they had been looking for. Or not.
Even Hollywood knows better than to produce a sequel when the original movie is truly, horrifically bad. That’s why, thankfully, we haven’t seen sequels to such all-time cinematic disasters as Howard the Duck, Gigli, The Last Airbender, Jack and Jill, Glitter, or Battlefield Earth. Which brings us, in an admittedly roundabout way, to the question of whether we’re about to see a sequel of sorts in the mortgage industry: The Return of the Subprime Loan.
With FHFA director Mel Watt’s term due to expire in January 2019, the question of whether to move ahead on some version of administrative reform may rest with his successor. In the meantime, policy makers would be well-served to work together to come to some agreement on options for administrative reform. At a minimum, agreeing on a common definition would be a good first step.