Investments
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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

  • conference table

    Airbnb petitions SEC for rule change to allow hosts to become shareholders

    Proposed change would allow gig economy workers to become part owners of gig-based companies
    September 21, 2018
    Jeremiah Jensen
    Airbnb is asking the Securities and Exchange Commission for a rule change so its hosts can become part owners in the company, according to a report from CNBC’s Sara Salinas. The rule in question is Rule 701, an SEC rule governing equity awards of private companies. The changes proposed would allow “gig economy” workers to take up shares in the company.
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  • New apartments

    Here are 4 "buy" cities for multifamily investment

    These four cities are heating up and offer great upside for investors buying into the market
    September 21, 2018
    Jeremiah Jensen
    Scouring the nation for your next cash cow multifamily acquisition? Look no further than these four underrated cities RealPage says have great upside. Things are a little too competitive for to be profitable for many investors in the primary markets. RealPage’s picks are not the sexiest markets, but their fundamentals are solid and their growth potential make them worthy candidates for investment.
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  • Wells Fargo

    Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    Company reveals planned headcount reduction of between 5%-10%
    September 20, 2018
    Ben Lane
    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
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  • GSE

    Cryptocurrency exchange Coinbase nabs top Fannie Mae exec Brian Brooks

    Fannie Mae general counsel leaving after 4 years
    September 20, 2018
    Ben Lane
    Once rumored to be on the Trump administration’s shortlist to lead the CFPB, top Fannie Mae executive Brian Brooks is set to leave the federal government behind for the cryptocurrency industry. Brooks, who has served as Fannie Mae’s executive vice president, general counsel, and corporate secretary for almost four years, is stepping down from that position Friday to become the chief legal officer of Coinbase, one of the world’s largest digital currency exchanges.
    Read More
  • money

    Freddie Mac: Mortgage rates reach highest level since May

    Mortgage rates inch forward for fourth consecutive week
    September 20, 2018
    Alcynna Lloyd
    Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage increased once again to its highest level since May.
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  • hero

    Who would make a great Vanguard?

    Nominate someone today!
    September 20, 2018
    Haley Knighton
    As the end of 2018 quickly approaches, there’s no better time to honor those top-level company leaders who have had an incredible year. Haley Knighton, the new program manager for the HousingWire Editorial Awards programs, turned to the expert Caroline Basile, HousingWire’s online editor, to get the inside scoop on what makes a great Vanguard.
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  • money dollar

    EasyKnock lands capital infusion to fuel growth

    Sale-leaseback startup wants to partner with HECM lenders
    September 20, 2018
    Alcynna Lloyd
    Sell and stay company EasyKnock is gaining some traction, reporting Wednesday that it received a sizable capital infusion to fuel its growth. Founded last year, EasyKnock is one of the many companies that have emerged to help homeowners access their home equity. The company said it plans to use the seed money to facilitate partnerships with mortgage companies, including reverse mortgage lenders, paying them a referral fee for their rejected customers.
    Read More

This month in
HousingWire magazine

Cover Story
September 2018

Back on track: How Tim Mayopoulos fixed Fannie Mae

When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.

Feature

HW Insiders 2018

HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.

Commentary

Better serving the Hispanic mortgage market

Steven Lujan
Steven Lujan
 LendingServicing
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.