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

  • Waterton plans $2.5 billion investment in multifamily housing

    Announces closing of $920 million investment fund
    Waterton, a national real estate investor and operator, is planning to invest more than $2.5 billion in multifamily housing over the next two years after closing its largest-ever investment fund. According to David Schwartz, Waterton’s chief executive officer, chairman, and co-founder, the firm has big plans for Venture XIII, which is the firm’s largest fund ever.
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  • Point secures $150 million commitment to buy equity from homeowners

    Atalaya Capital Management agrees to buy $150 million in shared equity investments
    Point, a financial technology platform that offers homeowners the opportunity take equity out of their home without taking on new debt, is set to grow thanks to a $150 million commitment from Atalaya Capital Management, a private investment firm. Under the agreement, Atalaya and Point entered into a forward flow purchase program wherein the investment firm is committing to buy as much as $150 million of Point’s shared equity instruments.
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  • Citi’s slightly higher earnings pulled down by mortgage revenue in Q1

    Causes retail banking to increase just 4%
    Citigroup reported Friday a slight increase in its earnings from last year, but this was not thanks to its mortgage banking revenues, which actually pulled earnings down slightly. While the bank doesn’t say much on its mortgage activity, Citi did report that if it excludes mortgage revenues, its retail banking revenue increase doubles.
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  • Regions Bank invests in Kevin Costner-backed mortgage startup Lender Price

    Will also begin using Lender Price to improve bank’s digital lending process
    When a fintech startup announces a new investor, the investor is usually an equity firm or some other private investor. Lender Price, a mortgage and consumer digital lending technology platform provider, is going about things a little differently. The company’s lead investor is none other than Kevin Costner (yes, that one), and now, the company has a new investor, a prominent depository institution.
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  • Private capital interest in mortgages growing? Angel Oak closes its largest securitization

    More than 80% of loans are non-QM
    Earlier this year, Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, raised $291 million to invest in mortgages that don’t fit inside the Qualified Mortgage box. Apparently Angel Oak’s investors aren’t the only ones interested in non-QM loans. Angel Oak announced this week that it closed its largest securitization to date, a $328.78 million offering comprised largely of non-QM mortgages.
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  • Starwood Capital Group expands asset management team

    Adds two to senior-level roles
    Global private investment firm Starwood Capital Group announced this week it has made two senior additions to the firm's asset management team. In January, Alex Waterbury joined Starwood as managing director, head of development, and in June, Andrea Pierce will be joining the firm to serve as the managing director, head of office asset management.
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  • HomeUnion launches crowdfunding platform for single-family rentals

    Individual investors can now buy into “fix-and-flip fund”
    HomeUnion, an online residential real estate investment firm, is increasing its presence in the single-family rental market. Back in 2015, HomeUnion began lending to single-family rental investors. Now, HomeUnion is launching a new program that will make the company itself an investor in single-family rentals, but the company isn’t using its own money.
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  • From HW Magazine

    April Kudos: Celebrating milestones, launches and awards in the mortgage industry

    CoreLogic, Calyx Software, New Penn and HousingWire
    The J. Ronald Terwilliger Foundation for Housing America’s Families is giving $3 million to Enterprise Community Partners, a nonprofit that designs and builds affordable housing. The grant is designed to create “innovative, integrated approaches” in areas like job training and healthcare that can increase economic mobility. The grant will be used to fund a two-year effort that includes assessing existing programs and identifying priority needs.
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