Rithm delivers big profit in Q2, starts mortgage biz spin-off
New York-based Rithm Capital executives see surging rates and increasing capital requirements for banks as an opportunity to acquire diversified assets and operational platforms at a time when the parent company of New Rez and Caliber plans to spin off its mortgage business. “If you think about whe
Read MoreDataDigest: The winners of the purchase market
For all the confusion and volatility that the pandemic caused the mortgage industry, it was clear that the near-zero interest rates were always going to be temporary. After many warnings, The Fed finally made its move in March 2022. Its aggressive inflation-crushing policy extinguished the greatest
Read MoreZillow and Redfin partner on new construction listings
Zillow Group‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market.The partnership is aimed at expanding the reach of homebuilder listings on Zillow, allowing Redf
Read MoreFintech Stavvy acquires servicing tech firm Brace
Stavvy, a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace, a digital mortgage servicing platform.Terms of the deal were not announced.With the acquisition, servicers and homeowners looking for mortgage assistance will have access
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