New Rez News Today

New York-based Rithm Capital posted a profit in 2023 as several acquisitions turned the company into a leading global asset manager.

RITM earnings call for the period ending December 31, 2023.

RITM earnings call for the period ending December 31, 2023.

The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Sometimes residential lending seems discombobulated. Sometimes things settle down and become more orderly: recombobulated! (Workflow and improved lender efficiency are the topics of today’s Mortgage Collaborative Rundown featuring Doni...

The worst is over for the mortgage sector, and there is a catalyst to unlock value.

Rithm Capital executives see surging rates and increasing capital requirements for banks as an opportunity to acquire diversified assets and operational platforms. And a spinoff of its mortgage business is in the works.   

On Q Financial will form a multi-partner mortgage banking JV with HomeCo Partners, a consortium of real estate brokerages and a builder.

Rithm announced Wednesday that its approach resulted in an $864.8 million profit in 2022 — higher than the $705.5 million the prior year.

LoanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute.

As Florida’s homeowners, insurance companies, and companies that service loans in Hurricane Ian’s path, brace for the storm, lenders nationwide continue to grapple with a very, very difficult environment. Everyone wants a decent HELOC. Servicing sales have dropped. Buydown loans are back in vogue. (Ask your investor if they buy them, but Planet Home, AmeriHome, and Northpointe jump to mind.) Everyone wants a viable ARM product, at a fixed rate program with some points back. There a...