Articles by Rick Sharga

From HW Magazine

Are we seeing the return of subprime?

A new crop of non-prime loans avoid the risk layering seen in the foreclosure crisis
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.
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Why rising Federal Funds rates might be good for the housing market

Here are 3 reasons why
[Expert commentary] Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to have a negative effect on home affordability. What if this isn’t true? In fact, here are three positive side effects to rising interest rates.
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From HW Magazine

SFR so good

The REO-to-rental evolution is just beginning
Some industry observers have been predicting the demise of this market since Blackstone, the largest purchaser of single-family rental homes, announced plans to slow down its acquisition volume earlier this year. But the data paints a very different picture.
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Industry veteran challenges CFPB's support of disparate impact

Under this legal theory, the bureau's own lending rules make no sense
"If the CFPB intends to pursue discrimination caused by policies that have a discriminatory effect, it may want to start by looking a little more closely at the policies of its own," says Rick Sharga, executive vice president with Auction.com
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