article thumbnail

Private equity and insurance companies piling into residential mortgages

Housing Wire

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Moreover, the prolonged high-interest-rate environment is leading to lower refinancing rates, which extends the duration of cash flows that investors can expect from these assets.

article thumbnail

Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investor 348
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That revenue concentration seems to be what had investors heading for the exits on Friday.

Investor 387
article thumbnail

SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. In 2023, the landscape for home flipping across the U.S.

Investor 428
article thumbnail

Ginnie Mae president introduces social bond program to investors

Housing Wire

Rates and Residential Mortgage-Backed Securities (RMBS) Conference in Tokyo, Japan , addressing Ginnie Mae mortgage-backed securities (MBS) potential value for investors and the company’s recently expanded social impact and sustainability work. “As Ginnie Mae President Alanna McCargo delivered a keynote address at the Barclays U.S.

Investor 357
article thumbnail

New Residential to internalize management, change name to Rithm Capital?

Housing Wire

New Residential Investment Corp. announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. The main contribution came from the servicing portfolio.

article thumbnail

Progress Residential unveils 36th private-label SFR offering 

Housing Wire

Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year. billion; FirstKey Homes , $10 billion; Amherst Residential , $6.3