Berkshire Partners With Brookfield, New Mortgage Servicer Guidelines: Financial Business Report

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Berkshire Hathaway (NYSE:BRKB) is joining with Brookfield Asset Management (NYSE:BAM) to create Berkshire Hathaway HomeServices. Brookfield’s network operates under the better-known name Prudential and Real Living Brands. The joint venture Chief Executive Ron Peltier says that, “We have significant inventory shortage across the country. We see a housing market that will continue to improve.”

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

New guidelines agreed to by Fannie Mae and its insurers change the situation for mortgage servicers such as Genworth Financial (NYSE:GNW) and Radian Group (NYSE:RDN) concerning short sales among them. The modifications allow the firms to approve such sales without getting approval from the insurers.

Don’t Miss: Here’s Why Buffet is Betting on the Housing Market.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business