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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 443
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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. “Plunk and Local Logic strive to fully power the residential market with the information it needs to grow exponentially. ”

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Investors are buying more, but spending less

Housing Wire

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of the market. of the market.

Investor 545
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 407
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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.

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Michael Bright: Where residential mortgage-backed securities can take sustainable investing

Housing Wire

Millennial and Gen Z investors have been voting with their wallets, demanding that ESG-like items are incorporated into investment decisions. What does ESG’s growth and current ubiquity mean for residential MBS markets? The E, S and G components are all very different, and at times unwieldy.

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SEC claims Angel Oak Capital Advisors deceived investors

Housing Wire

Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. The post SEC claims Angel Oak Capital Advisors deceived investors appeared first on HousingWire. has agreed to pay $1.75

Investor 378