Here Come the iBuyers!
Companies like Opendoor and Offerpad are reshaping the real estate industry.
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Bob Carroll Joins GSO
Investment firm Blackstone has added to the leadership team of its global credit platform, GSO Capital Partners (GSO). Bob Carroll has been hired as a managing director and head of distressed trading. He will oversee all trading activity related to GSO’s expansive public distressed efforts. Carroll most recently worked with hedge fund Smith Cove Capital, where he was responsible for all trading activity. Before that, he spent 10 years at Perry Capital as head of trading. Previously, Carroll was a trader at Litespeed Partners and Imperial Capital. GSO also announced that Adam Maitin joined the trading desk as a vice president. Adam joins from BlueMountain Capital where he spent two years trading high-yield, distressed and investment-grade credit. Before his stint at BlueMountain, Maitin was an associate at Alliance Bernstein.
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An Opportunity for Investors to Fix Our Cities
Efforts underway to help hard-hit urban areas are an opportunity for real estate investors.
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5 Tips for Investors Who Want to Work With REO Brokers
As with any job interview, impress them with your preparation.
Read MoreHousing Industry Responds to Calls for Housing Finance Reform
On March 27, President Trump signed a memorandum issuing “overdue reform of the housing finance system” and calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The move was announced during the second day of Senate Banking Committee hearings on GSE reform. According to the president’s directive, the Department of Housing and Urban Development and the Treasury Department will be tasked with drafting proposals for reform, with the Treasury detailing Fannie and Freddie plans while HUD lays out a plan for the housing finance agencies it oversees. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn’t provide many other specifics. Most groups in the housing space applauded the president’s move as an official step forward to instigating long-awaited change, including The Mortgage Bankers Association, the National Association of Realtors, the National Association of Home Builders and the National Association of Federally-Insured Credit Union.
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