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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.

Insurance 409
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SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. 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

Investors 426
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Title insurance executives are confident the Biden proposals won’t come to much

Housing Wire

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Market conditions in the real estate and mortgage industries continued to be a challenge in the seasonally weak first quarter.

Insurance 343
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.

Finance 370
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Title insurers turn profits even as the market cools

Housing Wire

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. “Our third quarter results reflect the headwinds experienced from increased mortgage interest rates that have significantly impacted the market.

Insurance 301
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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. And future rate cuts mean less return [for investors].

Investors 347
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Point, Atalaya Capital close on $141M securitization

Housing Wire

The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

Investing 331