Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange […]
Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting Read More »
RATE Mortgage Trust’s latest securitization of prime mortgages will raise $362.2 million in securitized bonds, with the highest average loan balance and the highest concentration of single-family homes in about four years. Processing Content The deal includes a long series of tranches of class A notes that are a combination of exchangeable and interest-only notes,
Prime mortgages support $363.2 million in RMBS from RATE Read More »
Younger Americans continue to see their share of the country’s real estate wealth shrink, while the oldest Americans have seen their portion grow, new industry data shows. Processing Content Americans 70 years or older held 26% of the United States’ $48 trillion in real estate wealth in the third quarter of last year, slightly less
Oldest Americans’ share of real estate wealth at record high Read More »
Key Insight: The U.S. involvement in the war with Iran has driven energy prices higher, a development economists say could add to inflation and reduce the likelihood of rate cuts this year. Expert quote: “I think the Fed is just going to sit on its hands quite happily because of what’s going on in Iran
Iran scrambles inflation signals as Fed mulls interest rates Read More »
Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. Processing Content An index of contract signings climbed 1.8%, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed by Bloomberg
Pending home sales climbed in February as mortgage rates fell Read More »
Ramping up its investments in artificial intelligence, Intercontinental Exchange’s mortgage technology division announced plans to roll out borrower-facing AI voice and chat agents on its servicing platform, intended to help business partners better assist homeowners. Processing Content Leaders from the company unveiled the agents at its ICE Experience conference in Las Vegas on Tuesday. Currently
ICE upgrades servicing platform with AI voice, chat agents Read More »
Mortgage rates are based on bonds, and bonds spent last week bracing for the impact of higher energy prices. In the bond world, higher inflation begets higher rates, all else equal. Oil prices remain elevated, but fell more than 5% on Monday. The bond market responded with a drop in Treasury yields (which generally correlate
Mortgage Rates Recover Modestly From 7-Month Highs Read More »
A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the
PE firm buys mortgage tech company formerly known as Voxtur Read More »
The acquisition of Two Harbors by UWM Holdings is possibly on life support as the real estate investment trust’s special meeting to approve the transaction, scheduled for March 16 was adjourned because of an apparent lack of participation. Processing Content March 24 is when the meeting will reconvene after an effort by Two Harbors to
Two Harbors postpones UWM merger vote meeting Read More »
Mortgage industry professionals have raised some concerns amid the broader praise for President Trump’s executive order signed Friday, which aims to loosen mortgage lending regulations. Processing Content Many of the rules the EO looks to unwind were put into effect by the Dodd-Frank Act, passed in the wake of the Great Financial Crisis and the
Mortgage deregulation: praise and peril from Trump’s EO Read More »