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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.

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Finance of America asks investors to look beyond traditional mortgage

Housing Wire

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 Finance of America shares were trading at $3.39 On paper, the company posted a $1.17

Finance 359
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SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country.

Investor 428
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Local Logic partners with Plunk for residential real estate data insights

Housing Wire

Combined, this partnership could spur better decision-making for investors and home buyers as well as create a more efficient workflow for agents, the statement said. Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August.

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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
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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
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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.