Altisource Residential growing single-family rental business again

Last year, Altisource Residential doubled its portfolio of single-family rental homes in one deal, buying a portfolio of 4,262 single-family rental properties for $652.3 million from “investment funds sponsored by Amherst Holdings.” And Friday, the company announced that it is growing its single-family rental portfolio again, in another deal with Amherst Holdings affiliates.
Source: HousingWire Magazine

Capital Economics: Will President Trump's regulation changes boost housing starts?

Given the recent drought in housing inventory across the nation, the industry welcomed the recent news that homebuilder confidence surged in March due to President Donald Trump’s actions on regulatory reform. The news, while positive, isn’t guaranteed to turn into increased housing starts though. Instead, here are three likely outcomes.
Source: HousingWire Magazine

Don't let the deregulatory talk take your focus off quality control

If your town cut back on the number of police officers who patrol your streets, would people suddenly start speeding and ignoring the traffic laws? Probably not because it’s the safe thing to do. The same goes for financial regulations. While there’s been a lot of talk in Washington lately about rolling back, if not eliminating, many parts of the Dodd-Frank law, originators still need to keep their eyes squarely on producing quality loans.
Source: HousingWire Magazine

ATTOM: First quarter sees lowest home affordability since 2009

Housing affordability continues to slip lower, hitting levels not seen since 2008 and 2009. More housing markets are slipping below historical levels and homeownership is becoming out of reach for many as average incomes can’t keep up with growing home prices.
Source: HousingWire Magazine

Ten-X predicts increase in existing home sales

This month’s report from Ten-X indicates that existing home sales in March will increase slightly. The company explains the big question is whether there will be enough homes for sale to meet the demand.
Source: HousingWire Magazine

Here are the 25 markets with the highest returns for single-family homes

A new list from RentRane is out on the top 25 rental markets with the highest average gross yield, with a heavy focus on non-coastal markets. However, for those looking to invest in housing, RentRange does give some extra advice to keep in mind with these markets.
Source: HousingWire Magazine

Final GDP estimate comes in higher for fourth quarter

While most of the economic data from previous estimates remained largely the same, the fourth quarter’s gross domestic product came in slightly higher on the Bureau of Economic Analysis’ final estimate. Here are the updates to the fourth quarter’s GDP.
Source: HousingWire Magazine

Goodbye plywood: Fannie Mae no longer allows plywood in pre-foreclosure

In November, Fannie Mae announced that mortgage servicers would be reimbursed for using clear boarding instead of plywood when securing houses that were in pre-foreclosure. That announcement was not retroactive, meaning it only applied to new pre-foreclosures. But that’s not the case anymore, as Fannie Mae announced this week that it is moving away from plywood entirely.
Source: HousingWire Magazine

NAR: Trouble ahead as National Flood Insurance Program expiration date nears

The National Flood Insurance Program is set to expire six months from Thursday on Sept. 30, 2017. The looming deadline prompted the National Association of Realtors to try to bring awareness to the consequences of letting the program expire, which could disrupt thousands of loans.
Source: HousingWire Magazine

U.S. Bancorp Fund Services president Joe Redwine to retire, Joe Neuberger named successor

“It is truly an honor to be named the next president of U.S. Bancorp Fund Services. I am passionate about our associates, clients, partnerships and commitment to a tradition of service excellence,” Neuberger said.
Source: HousingWire Magazine