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