Resolution may be near for the market's funding crisis, but capital concerns are likely to persist until the housing market recovers, according to a recent Deutsche Bank report. "It might be the end of the funding crisis, at least in the U.S.," said economics/strategy researchers Mustafa Chowdhury, Marcus Huie, and Anish Lohokar. But the researchers said they see "the capital crisis persisting for quite a while, at least to the end of the year."
The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
Also, South River Mortgage appointed Tyler Plack as its next CEO, while First American Home Warranty welcomed Jason Gritters as its chief revenue officer.
A continuing resolution to fund the government through mid-December would prevent the White House from blocking grants — including some in the banking sector — to states and municipalities that voted against President Donald Trump.
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
Besides the opportunities in build-to-rent housing for mortgage originators, credit profile of single-family rental loans should improve, Morningstar DBRS said.
