Unstructured Finance

Spinning single-family home investments into mortgage-backed securities

May 6, 2013

It’s generally been thought the main exit strategy for Wall Street-backed firms that are buying distressed homes to rent them out, is to convert to a REIT and file for an IPO. That attempt to cash-out on the single-family home trade has obvious benefits for the big institutional buyers but risks for retail investors as the math behind the buy-to-rent model becomes increasingly suspect.

Cleveland Fed leads in measuring stress

April 22, 2013

By Matthew Goldstein

 When you think of Cleveland, finance isn’t the first thing that comes to mind.

Insider trading—it’s not just hedge funds

April 12, 2013

Sometimes it seems that insider trading cases are all about hedge funds. After all, the overwhelming majority of the federal government’s multi-year crackdown on insider trading has netted dozens of traders and analysts working in the $2.25 trillion hedge fund industry.

Cash is king in housing

March 26, 2013

By Matthew Goldstein

It’s no secret that housing in the U.S. has become an investors market, especially if it’s an investor with cash to burn.

Once-obese Goldman analyst becomes fitness evangelical, gym CEO

March 21, 2013

Wall Street is shrinking, but so are some of its bankers.

Eight years ago, Goldman Sachs Group’s Kishan Shah weighed 400 pounds and couldn’t find a suit that fit his 62” waist for a job interview. Now he’s 195 pounds, and he’s quitting Goldman to spread the gospel of healthy weight loss as chief executive of a chain of gyms for obese Americans.

The retailization of the single family home rental play

March 4, 2013

By Matthew Goldstein

It started slowly but the push by Wall Street into the single family rental market is fast becoming a Main Street play as well.

One more try at the Great Refi

February 12, 2013

By Matthew Goldstein

Don’t be surprised if President Obama includes a line or two in his State of Union address this evening about the need for a plan to allow millions of struggling homeowners whose mortgages are packaged into so-called private label mortgage-backed securities to get a chance to either refinance their loans or restructure them.

Wall Streeters find life really is greener on the other side

February 6, 2013

Ex Wall Streeters talk about the better life working at a startup

Here’s a post from UF contributor and intrepid Wall Street reporter Lauren T. LaCapra, who is on assignment:

from MacroScope:

SEC has power to ban high-frequency trading, congressman says

January 18, 2013

Not everyone agrees that using high-speed machines to trade stocks in less time than it takes the average person to blink is a bad thing, but the people who do might be heartened by the letter a congressman sent the U.S. Securities and Exchange Commission on Friday.

The gold rush in foreclosed homes picks up steam as mad money flows freely

January 10, 2013

By Matthew Goldstein

Institutional money keeps rushing into the market for foreclosed homes, with some big players snapping up homes at breakneck speed. But the question is whether the big buyers are throwing money around indiscriminately and Wall Street’s big housing long will come up a bit short.