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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. They can be, in essence, the “boots on the ground” for investors and developers alike.

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New MISMO standards are critical to a growing PLS market

Housing Wire

In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance. In fact, the secondary market for the securitization of mortgages requires data to be shared among parties in order to rate the underlying assets.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. The private label market share of U.S. RMBS market. They can’t bring [securitization] deals to market as quickly. We certainly hear that as a concern in the market.”.

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Fitch Group adding capital-markets fintech dv01 to its fold

Housing Wire

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. The post Fitch Group adding capital-markets fintech dv01 to its fold appeared first on HousingWire.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist. And it’s true!