Newrez Drives Profit and Servicing Expansion for Rithm Capital
Rithm Capital reported earnings of $567.2M, driven by strong performance from Newrez in originations, servicing, and non-QM production.
Keller Williams resolves Batton homebuyer commission lawsuit for $20 million
Keller Williams resolves the Batton homebuyer commission lawsuit for $20 million, alleviating antitrust concerns for agents and franchisees across the network.
State Regulators and Consumer Groups Oppose OCC’s Escrow Account Proposals
Proposals aim to expand banks' control over escrow accounts, asserting federal law supersedes state regulations governing these financial tools.
Paul Fiore discusses expanding HighTechLending’s market presence.
Paul Fiore has joined HighTechLending to enhance branch growth and introduce innovative reverse mortgage products like EquitySelect. Explore the opportunities.
PennyMac Achieves $107M Profit in Q4 Amid Origination Growth and MSR Runoff
PennyMac reports Q4 net income of $106.8M, driven by increased mortgage production despite declines in servicing income due to prepayments.
Marilyn Monroe’s Last Home Owners Challenge Historic Designation in LA
Legal action regarding historic designations can influence property values and investment opportunities. Explore the implications for private lenders in real estate.
Cardinal Financial Introduces Nondelegated Correspondent Program
Cardinal Financial introduces a nondelegated correspondent program, enabling independent lenders to leverage Octane technology and a broader range of loan products.
Strategies Used by Real Estate Brokerages to Mitigate Buyer Representation Risks
Brokerages are enhancing training and compliance in response to industry challenges, while advocates raise concerns about potential contract fairness for consumers.
Nearly 44% of Homes Have Homeowners Association Fees
Explore the rising trend of HOA fees in single-family homes, impacting market dynamics and lending decisions for private lenders. Discover more insights.
Mortgage Rates Hold Steady Before Fed Meeting Amid Spring Housing Focus
Federal Reserve policymakers conclude a two-day meeting, with mortgage rates stable in the low-6% range, signaling minimal short-term market changes for lenders.