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

  • Harvard: Housing market slowdown will dampen renovation boom

    But residential remodeling expenditures will remain strong in 2019
    American spending on home improvements and repairs has seen steady growth as the slow housing market has convinced many to stay put and renovate instead. But this growth is expected to slow in the coming year, according to a new report released by the Joint Center for Housing Studies of Harvard University.
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  • Former LandCastle Title CEO Nat Hardwick found guilty of embezzling $26 million

    Hardwick accused of taking $26 million from now-bankrupt law firm’s accounts
    Nathan (Nat) Hardwick, the former chief executive officer of LandCastle Title and former managing partner of Morris Hardwick Schneider, was found guilty late last week of embezzling more than $25 million from his former companies, bringing an end to a massive scandal that destroyed a prominent real estate firm and left hundreds of people without a job.
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  • Taylor Morrison Home Funding integrates LodeStar tech

    The mortgage division of the homebuilder can now issue fast, accurate quotes in all 50 states
    Taylor Morrison Home Funding integrated with LodeStar Software Solutions to quickly and accurately quote closing costs on new-home construction properties. Under the new partnership, Taylor Morrison Home Funding employees can obtain quotes instantly through Ellie Mae’s Encompass digital mortgage solution.
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  • Nomura paying $480 million in settlement over pre-crisis mortgage bonds

    Accused of misleading RMBS investors, including Fannie Mae and Freddie Mac
    Nomura Holding America and several of its affiliates will pay $480 million in a settlement with the Department of Justice over the companies’ mortgage bond activities in the run-up to the financial crisis. The DOJ claimed that Nomura misled investors, which included university endowments, retirement funds, federally insured financial institutions, Fannie Mae, and Freddie Mac, about the quality of the underlying loans between 2006 and 2007.
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  • AFR Wholesale announces partnership with Floify

    New partnership could reduce loan processing time by 15 hours per loan
    AFR Wholesale and Floify announced Wednesday both companies shook hands on a partnership, and AFR will now use Floify’s point-of-sale technology. AFR’s goal in partnering with Floify is to reduce origination time and increase broker productivity.
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  • Wall Street worries lead to weakening housing stocks

    Analysts reduce price targets as fears of rising interest rates grow
    This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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  • Former Equifax manager sentenced to eight months house arrest for insider trading

    Fined $50,000 and forced to forfeit $75,979 for taking advantage of knowledge of the Equifax breach
    Former Equifax Manager Sudhakar Reddy Bonthu was just sentenced to eight months house arrest following his guilty plea admitting he used non-public information to profit off of the credit reporting agency’s massive data breach. Last year, just before Equifax announced that it had exposed the data of more than 148 million American consumers to hackers, Bonthu bought 86 “put” options in Equifax stock that expired on September 15, 2017, ahead of the subsequent drop in Equifax’s stock value in the wake of the breach.
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  • MBA Annual Alert: Quicken, loanDepot leaders see fintech barrier to Amazon buy-in

    Anthony Hsieh and Bill Emerson say mortgage space still has too much friction
    Rumors have long swirled that Amazon has eyes on the mortgage business, but industry leaders say it's unlikely the company will dive in just yet. At MBA's annual convention on Tuesday, Hsieh and Emerson said there's still too much chaos in the space, but predict that fintech is on the verge of changing all that.
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