In its second transaction this month, Rithm Capital took steps to further diversify its business, this time buying office property real estate investment trust Paramount Group for $1.6 billion. It will pay $6.60 for each Paramount share, funding by cash and liquidity from the balance sheets of both companies. The company also spoke of potential […]
Rithm purchasing commercial REIT Paramount Group for $1.6B Read More »
Adobe Stock Mortgage applications continued to soar last week on the back of the lowest rates in almost a year, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. After application volume dropped in three consecutive weeks, it rose 9.2% on a seasonally adjusted basis the week ending September 5 and jumped another 29.7%
Mortgage applications soar, led by refinancing spike Read More »
Rows of houses stand in Las Vegas, Nevada, U.S., as seen in this aerial photo taken on Tuesday, Sept. 22, 2009. Photographer: Jacob KeplerJacob Kepler/Bloomberg The housing market is edging toward becoming buyer friendly, as inventory reached multi-year highs and purchase demand remained strong last month, according to HouseCanary’s latest Market Pulse Report. Total for
Inventory, demand continue to improve in housing market Read More »
Left to right: Mac Cregger, Jay Lapre, Scott Alexander National home lender Assurance Financial elevated Scott Alexander to chief operations officer. After joining Assurance’s over a decade ago, Alexander helped establish the company’s operations division and expand its offerings as he rose through the ranks, most recently serving as chief risk officer. With the promotion,
Remax, Cenlar, Lower, First American grow leadership teams Read More »
Tariff-influenced lumber price volatility this year has markets trying to read the tea leaves to determine what the implications might be for housing and the economy at large. Since reaching a three-year high in early August, lumber futures declined by 25% to trade at approximately $525 this week, data from the Chicago Mercantile Exchange showed.
Lumber prices swing as tariff fears roil markets Read More »
Housing finance experts have a myriad of ideas for President Donald Trump should he declare a national housing emergency. Treasury Secretary Scott Bessent hinted at the move in a Labor Day interview with the Washington Examiner, noting that closing costs “are on the table.” While housing regulators have implemented some measures this year to address
What lenders want if Trump declares housing emergency Read More »
As the trigger leads bill becomes a reality, lenders are considering whether its impact on the mortgage industry goes beyond simply cutting down consumer calls and texts. The restrictions regarding credit reports won’t go into effect until six months after Trump’s signature Friday. While the Homebuyers Privacy Protection Act should undercut the leads and messages
How a trigger leads crackdown could lift retention rates Read More »
Rithm Capital announced a new acquisition that adds an insurance business and further boosts its efforts to grow beyond its real estate roots toward asset management. The New York-based company and parent to mortgage lender Newrez will purchase alternative investment firm Crestline Management, a firm currently responsible for $17 billion in assets. Based in Fort
Rithm Capital moves into insurance with new acquisition Read More »
Better Home & Finance’s burgeoning retail operation is suggesting its technology bona fides, and a transparent compensation structure, helped lure a top lending team from Loandepot. Neo Home Loans powered by Better said it’s welcoming the Gustafson Team, a Colorado-based trio that funded over $110 million in origination volume last year. Although Better and Neo
Better, Neo Home Loans hype addition of Loandepot team Read More »
Freddie Mac and its former executives won’t go to trial in a decades-old lawsuit stemming from the Great Financial Crisis, following a federal judge’s latest order. U.S. District Judge Benita Y. Pearson last Friday granted Freddie and its former officers summary judgment in a case brought by the Ohio Public Employees Retirement System (OPERS). The
Freddie Mac, ex-execs win in 2008 fraud suit Read More »