Investments

Investments
The secondary market and real estate investing. Also includes Ginnie, GSE, and private MBS coverage from the loan-level transaction vendor space up to waterfall management of SPVs.

ARTICLES

  • Freddie Mac reports $3.3 billion loss in Q4

    Will request draw from Treasury to cover loss
    Freddie Mac, while reporting a profit for the full year in 2017, posted a more than $3 billion loss in the fourth quarter. The fourth quarter’s net income posted a loss of $2.9 billion, and comprehensive income showed a loss of $3.3 billion. Here’s why, and what happens next.
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  • Fannie Mae CEO: We will return to profit in 2018

    "We are a b2b business, we’re not a b2c business."
    “We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
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  • Fannie Mae earnings show 4Q net loss of $6.5 billion

    Expected to ask Treasury for funds to reduce deficit
    Fannie Mae reported a net loss of $6.5 billion and comprehensive loss of $6.7 billion for fourth quarter 2017. The company also added it expects to request an expected billion-dollar provision from the Treasury to eliminate its net worth deficit.
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  • Former Clayton Holdings execs band together to found new due diligence firm

    New Diligence Advisors backed by Ranieri and Oaktree’s Selene Holdings
    Last year, private mortgage insurer Radian Group announced that it was going restructure its services business, which is conducted through its principal subsidiary Clayton Holdings, due to “recent underperformance below expectations.” Now, three former Clayton executives are partnering up to launch a new due diligence firm that will directly compete with Clayton for business.
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  • Expert warns latest Ginnie Mae regs aren't improving FHA and VA pricing as intended

    Questions remains exactly why this is happening
    Brent Nyitray, director of capital markets for iServe Residential Lending, said in an email today that loan officers are taking note of “lousy” pricing for FHA and VAs higher up in the rate stack. But, Ginnie Mae just issued new regulations to prevent serial refinances. Why isn't it leading to higher demand?
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  • From HW Magazine

    What features do buyers really want in today's housing market?

    Unpacking which investments pay off in new builds and remodels
    Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
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  • SEC halts $600 million alleged cryptocurrency scam that aimed to revolutionize banking

    AriseBank claimed it was building the world’s first “decentralized bank”
    The Securities and Exchange Commission halted the operations of a company that claimed it raised $600 million in an initial coin offering as part of an effort to “revolutionize banking” using cryptocurrency. The SEC complaint alleges that AriseBank used social media, a celebrity endorsement (from Evander Holyfield, no less), and other tactics to raise hundreds of millions of dollars in just a few months.
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  • Neptune Flood secures $2 million in seed financing round

    Flood insurance provider planning expansion
    Flood insurance provider Neptune Flood has secured more than $2 million in seed round funding. The investment was led by Trevor Burgess, founder and former CEO of C1 Bank, with participation from existing investor and Neptune’s CEO and co-founder, Jim Albert.
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  • Accurate Group launches portfolio valuation solution for capital markets

    Designed for asset managers, hedge funds, and investment banks and firms
    Real estate tech provider Accurate Group launched a new real estate portfolio valuations tool for capital market firms. The solution is a combination of the company’s ValueNet appraisal tech platform and industry-compliant appraisal processes unique to capital markets firms and provides fast, accurate valuations on portfolios.
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