Vertical Integration Key to Generating Long-Term Outsized Returns
Author: Piotr Kopacz
Pretium Successfully Completes $1.5 Billion Transaction for its First Single-Family Rental Fund
Pretium announced it has successfully completed a transaction for its 2013 single-family rental (“SFR”) fund.
Residential Credit: Deleveraging and Regulatory Changes Provide Opportunity
Over the past 10 years, U.S. households have significantly de-levered and de-risked their balance sheets, standing in sharp contrast to the incremental leverage and risk added by U.S. corporate borrowers and the federal government.
Non-Qualifying Mortgages: Introduction and Investment Considerations
Post-crisis mortgage regulation created two classes of mortgage loans, “qualified mortgages” and “non-qualified mortgages,” based on certain loan characteristics including income verification and debt to income ratios.
Pretium Completes Acquisition of Selene Holdings
Joe Davila named Chief Executive Officer and President
Pretium Completes Acquisition of Deephaven Mortgage from Värde Partners
Pretium and Värde Partners today confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC (“Deephaven”) from Värde Partners.
Residential Real Estate Correlations and Rate Sensitivity
Home prices exhibit a stronger correlation to GDP growth and employment growth than interest rates due to the generally pro-cyclical nature of housing values.
Pretium to Acquire Deephaven Mortgage from Värde Partners
Pretium and Värde Partners announced that they have entered into a definitive agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners.
2019 U.S. Housing Market Outlook
We expect structural imbalances in the U.S. housing market will continue, leading to further tightening of fundamentals and higher shelter costs.
2019 Credit Market Outlook
Pretium is constructive on the near-term outlook for the U.S. economy, but risks to forward growth are mounting from late-cycle headwinds and potential downside risks from domestic and global policy.