Answer: we have no idea. But we do know that Josh Weintraub -- the Bear Stearns expat recently appointed to the board of directors at troubled lender Residential Capital LLC -- has one hell of a right hook.
Apparently, at some point in the past, Weintraub got in the ring (for charity, natch) with Shane Kinahan at Goldman Sachs. And Weintraub kicked some serious Goldman tail, to some strong profanity and chants of "Bear Stearns" from the raucous crowd.
Something tells us Goldman's laughing now. But we digress. This video is priceless - and we thought it was a fitting introduction of ResCap's newest board member, given that the company he's now helping direct is in for the fight of its life.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investors. What does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation?
[Free HousingWire Magazine read] As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the future. That delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy.
There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology.