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The housing sector is increasingly a drag on consumption and job creation. The fault lies not with the market but with ill-considered regulations and bank capital rules.
March 10 -
Christopher Whalen of Carrington Holdings on the coming evolition of the mortgage market.
November 21
Christopher Whalen, an outspoken analyst of the banking and mortgage industries, has joined the advisory board of Weiss Residential Research, a developer of home price indexes.
The 30-year investment banking veteran will advise Weiss Residential on business strategy issues and housing industry trends. His experience and market knowledge will assist ongoing efforts to commercialize the WRR House Price Indices, Market Map, and HomeVest Score products "and apply these tools to investment strategies such as rent-to-own," said Allan Weiss, the firm's founder and CEO, in a
WRR, based in Natick, Mass., uses big data techniques to develop its repeat sales home price indexes. The firm says it has created nearly 50 million home price indexes one for each house analyzed.
The indexes offer lenders, investors, policy makers and real estate agents "enormous visibility" about current and future home price valuation changes, Whalen said in the press release. Other indexes on the market are "really inadequate to describe the detail and diversity that is present in many cities and neighborhoods."
From December 2012 through February of this year Whalen has work as an executive vice president and managing director for Carrington Holding Co., the fast-growing investment manager and mortgage servicer and
In addition to his
