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

  • Keller Williams to begin buying and selling houses

    Real estate giant become latest to jump on iBuyer trend
    Following a path previously laid out by the likes of Zillow and Redfin, and taking a page out of the playbook of Opendoor, Offerpad, and others, Keller Williams is about to start buying and selling houses. Next month, Keller Williams will launch an iBuyer offering, which it is calling “Keller Offers.”
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  • Fintech lender Prosper to pay $3 million fine for misleading investors

    Settles SEC charges that it reported inflated returns
    Prosper, a longtime player in the personal lending space, announced plans in November to enter the mortgage arena with a digital HELOC product that promised to disrupt home equity lending. But there's a chance these plans could be put on hold. The SEC announced Friday that Prosper has agreed to pay a $3 million fine to settle charges that it misled to investors by reporting inflated returns.
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  • Ginnie Mae announces Platinum product for reverse mortgage-backed securities

    New program may increase liquidity in HMBS market
    Ginnie Mae has launched a new securitization channel for reverse mortgage-backed securities. Now, investors in the HECM mortgage-backed securities market can participate in Ginnie’s new Platinum HMBS program, which reduces the administrative costs of holding multiple and smaller HMBS securities and promises to bring more liquidity to the market.
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  • Ally Financial partnering with Better.com to launch digital mortgage platform

    Ally now fully back in the mortgage space
    Ally Financial, which all but exited the mortgage business back in 2012, got back into mortgages in earnest in 2016. Now, Ally is taking its mortgage business to the next level by going digital with help from Better.com (formerly known as Better Mortgage). Ally and Better announced Thursday that the companies are partnering to launch a digital mortgage platform for Ally.
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  • This is how America's housing affordability is impacting credit quality

    Affordability has returned to average historical levels, and it's having a ripple effect
    It's official: The era of unusually affordable housing has ended. Well, according to a recent Moody's Investors Services analysis. The organization claims that America's housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors.
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  • No-income, no-asset mortgages are back (at one lender, at least)

    360 Mortgage Group plans as much as $1 billion in “NINA” loans
    Back in the Wild, Wild West era of mortgage lending before the housing crisis, NINJA loans (loans given to borrowers with no income, no job, and no assets required) became quite the rage. NINJA loans have disappeared from the market, likely never to be seen again, but one lender is about to bring back a similar ghost of the mortgage market’s past: the NINA loan.
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  • NAHB says homebuilders were more optimistic in April

    Builders say “traffic” rises, but worker shortages continue
    Homebuilder confidence in the market for new single-family homes rose in April as so-called buyer traffic increased to new developments. The index measuring current sales conditions rose to 69 points from 68, while buyer traffic jumped to 47 from 44. Expectations for the next six months fell to 71 from 72.
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