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

  • Fewer Millennials are seeking mortgage help from parents

    For younger homebuyers, relying on parents, renting out spaces and bunking with roommates are becoming a thing of the past
    Millennial homebuyers are less likely to take extraordinary measures to be able to afford their mortgage payments in 2019, according to a study from Redfin, which says that more Millennials are leaving roommates and renting in the past.
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  • Fannie Mae, Freddie Mac still in conservatorship in 2024? Calabria says it’s possible

    Tells Reuters that he hopes to have GSEs out of conservatorship by 2024
    Recent reporting by Bloomberg suggested that the Trump administration may be wavering on pursuing widespread reforms of Fannie Mae and Freddie Mac in advance of the 2020 election due to the potential economic impact of those reforms on voters. Now, Federal Housing Finance Agency Director Mark Calabria now says it’s possible that the GSEs may remain in conservatorship until 2024, at least.
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  • Average home seller saw 34% return on their investment in Q2

    Pocketed $67,500 from their home's sale
    Homes may be appreciating more slowly than before, but homeowners are still rolling in the equity, realizing significant returns when they opt to sell. On average, home sellers saw a 33.9% return on their investment in the second quarter of 2010. That translates to a $67,500 profit on the sale of their home, according to the latest report from ATTOM Data Solutions.
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  • Median home price climbs to all-time high

    Average single-family residence sold for $266,000 in Q2
    The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the previous quarter and up 6.4% from a year ago, according to the latest from ATTOM Data Solutions.
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  • Homeowners are taking on fewer house projects, but they're spending more

    Here's where they're spending the most, and why
    The volume of home maintenance and remodeling projects is declining, while spend for both is increasing, and this all signals the likelihood of a continued slowdown for the housing market. According to the latest Housing Health Report from BuildFax, much of the spend is concentrated in states where affordable housing is bringing an influx of residents.
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  • Nomura to pay $25 million for mortgage bond traders' lies to customers

    SEC claims Nomura traders misled bond buyers and sellers
    Nomura Securities International will pay a fine of $25 million after the Securities and Exchange Commission accused several of the company’s former mortgage bond traders of lying to customers about the nature of the trades. According to the SEC, several Nomura RMBS and CMBS traders made “false and misleading statements” to customers while negotiating the sales of those bonds.
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  • Kanye West investing in Star Wars-themed low-income housing

    Working on prototypes for prefab affordable housing
    Now that he’s got the sneaker market thoroughly cornered, Kanye West is apparently moving on to his next project: affordable housing. A recent profile of the rapper-turned-designer revealed that West is working on designing prefabricated, low-income housing with a Star War's aesthetic, shopping the idea to investors as a potential housing solution for the homeless.
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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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  • Who buys a vacation home?

    Buyers may be younger and less affluent than you think
    You might think people who buy vacation homes are older, high-net-worth individuals, but a recent survey from Vacasa proves this is not necessarily the case. In fact, a number of older Millennials and young Gen Xers are looking to buy vacations homes, drawn to their investment potential, with one quarter of prospective buyers in their 20s and 30s.
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