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Redwood Trust puts the pedal to the metal

[ad_1] Redwood Trust CEO Christopher Abate Redwood Trust Inc. recently unveiled a hint of how 21st century technology is about to transform the opaque process of securitizing residential mortgages in the non-agency space — via the use of blockchain technology. The Mill Valley, California-based real estate investment trust, or REIT, which operates as a specialty finance house that invests in, acquires and securitizes residential loans, earlier this month announced that it was bringing to market a $449 million bond issue backed by 497 jumbo residential loans. Assisting Redwood with the securitization is a fintech startup, Liquid Mortgage, in which the REIT earlier this year acquired a minority stake.  The fintech firm, which represents one of several venture capital investments Redwood has made over the past year, will utilize its digital asset and data platform to leverage blockchain technology to track loan-level payment and transaction-reporting data for borrowers and lenders. Blockchain technology links transaction records in a data chain, creating a transparent yet indelible digital ledger that can be accessed securely by designated parties. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Redwood Trust puts the pedal to the metal appeared first on HousingWire. [ad_2] Source link

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Pending home sales data crushes housing bears

[ad_1] Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right. One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. Last year we had an abnormal burst of housing demand that was just make-up demand from the COVID-19 pause in the second half of 2020. This led to home sales data surging to levels that were not sustainable and were going to moderate. My concern was that people would overreact to that sales moderation and not know how to make COVID-19 adjustments to data. As we all know, the housing sector has extremely well-developed yet untalented Americans calling for a housing crash during the years 2012-2021. My job has always been to show you why this wasn’t the case. As someone who has been talking about the years 2020-2024 having the best housing demographics ever recorded in history, a home sales crash in demand wasn’t in the works in 2020 or 2021. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Pending home sales data crushes housing bears appeared first on HousingWire. [ad_2] Source link

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Spyder Men’s Nexus Puffer Jacket only $54.99 shipped (Reg. $200!)

[ad_1] Wow! If you’re looking for a great winter jacket, don’t miss this deal! Proozy has this Spyder Men’s Nexus Puffer Jacket for just $54.99 shipped when you use the promo code MSM928AM-5499-FS at checkout! This is regularly $199 so it’s a great deal. Choose from four color options. Valid through October 4, 2021. [ad_2] Source link

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How to hire more operational players in the mortgage space

[ad_1] Agnes Standowicz, vice president, underwriting leader at United Wholesale Mortgage This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider, with this Q&A featuring Agnes Standowicz, vice president, underwriting leader at United Wholesale Mortgage. Even though it’s rare that housing finance is listed on someone’s career aspirations when leaving high school, it doesn’t mean that the people who are in this space are any less passionate about what they do. This can be seen in these Q&As with three HousingWire Insiders as they share how they got into the housing industry, how to get more people into the space and the key to retaining employees. Humble, driven and innovative, the Q&As also feature Sandra Madigan, digital product director, enterprise product strategy, servicing technologies at Black Knight and Dave Sheeler, president of residential servicing and correspondent lending at Freedom Mortgage. To read the other two Q&As in the magazine, go here. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post How to hire more operational players in the mortgage space appeared first on HousingWire. [ad_2] Source link

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