This is a developing story, details to follow Robert Klein, Chairman, Safeguard Properties and a veteran of the housing and mortgage industry passed away last night. He was 65. Klein was also Founder and Chairman of SecureView and RIK Enterprises. ...
Read More »For Houses, Being Green Is Easier Than You Think
An April 2018 membership survey by the National Association of Realtors found that 71 percent of those surveyed felt that the promotion of energy efficiency in their listings was either somewhat or very valuable. However, do eco-friendly features in a ...
Read More »Nationstar Reports Strong Servicing Performance
Nationstar Mortgage Holdings Inc. announced its Q1 earnings on Thursday, with the company’s GAAP net income hitting $160 million for the quarter. That’s up significantly over Q4 2017, when Nationstar’s GAAP net income was reported at $41 million. On an ...
Read More »Revisiting Single-Family Rental Securitizations
The latest single-family rental report from Morningstar Credit Ratings finds the average vacancy rate across single-borrower, single-family rental securitizations improving for the fifth consecutive month. The average SFR securitization vacancy rate declined to 4.4 percent in March 2018 from 4.6 ...
Read More »Fannie’s Earnings Recover
Fannie Mae released its Q1 financial statement Thursday. Overall, the news was good for the GSE. Fannie posted a net income of $4.3 billion, after taxes, in Q1. That's up from a $6.5 billion loss and a comprehensive loss of $6.7 ...
Read More »Where Are Homebuyers Headed?
While some areas are seeing an influx of new residents and potential buyers, others are not so lucky. See where people are moving to, and where they're moving out.
Read More »Affordability Issues Not Sparing Current Homeowners
It’s no secret that the one-two punch of rising home prices and limited housing inventory has been making life difficult for would-be first-time homebuyers in markets around the country. However, a new consumer survey finds that it’s not just the ...
Read More »Reverse Mortgage-Backed Securities: Good News and Bad News
Issuance of home equity conversion mortgage-backed securities (HMBS) rose to $1.2 billion in April 2018, according to a new report by New View Advisors, “a financial services firm advising clients on capital markets, product development and valuation, mergers and acquisitions, ...
Read More »Ocwen Reports Q1 2018 Earnings, Highlights Debt Forgiveness
Atlanta-based servicer Ocwen Financial Corporation on Tuesday released the details of its earnings for Q1 2018, reporting a net income of $2.6 million for the three months ended March 31, 2018. This is up considerably over Ocwen’s Q1 2017 net ...
Read More »Will Tax Reform Drive Migration in Years to Come?
While many are already examining the near-term effects of the tax reform passed a few months ago, could it have larger implications for where people choose to live in the long run? In a recent Wall Street Journal op-ed, a ...
Read More »