As Two Harbors Investment moves toward its sale to UWM Holdings, the mortgage REIT posted another quarterly GAAP loss and fell short of Wall Street’s earnings expectations, even as results improved sharply from a settlement-driven stumble earlier in the year. Processing Content The net loss of $1.3 million was much improved from the third […]
Two Harbors misses estimates as UWM deal nears Read More »
Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings. Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary
Newrez bets on tech as MSR losses drag Q4 results Read More »
Builders are working on a plan for a massive program to develop “Trump Homes” that would address the US affordability crisis while allowing private capital to deploy many billions of dollars. Processing Content Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to
Builders push ‘Trump Homes’ in pitch for a million houses Read More »
A federal judge has sentenced a Florida title company owner to 27 months in prison after he pleaded guilty to embezzling mortgage lenders’ funds. Processing Content Jonathan Yasko, 47, of Winter Springs, Florida, committed wire fraud between 2021 and 2023, diverting lenders’ funds in real estate transactions to other accounts, according to prosecutors. That included
Title company owner sentenced for mortgage escrow fraud Read More »
Bed Bath & Beyond is moving into mortgage and home equity finance through a deal that leans heavily on Figure Technologies’ lending and tokenization infrastructure. Processing Content The company announced Monday that it has acquired Tokens.com, a blockchain-based platform that will serve as the foundation for a new investment and personal finance business.
Figure helps Bed Bath & Beyond enter mortgage finance Read More »
Your state’s Department of Real Estate (DRE) will absolutely look at intent — but even the best intentions don’t excuse a violation. As a broker, if you don’t have a system in place for handling trust funds, and if that system can’t prove compliance to the penny, you’re exposed, whether you meant harm or not. In
LPT Aperture Holdings, the parent company of fast-growing real estate brokerage LPT Realty announced its acquisitions of Humaniz and Reside on Tuesday via an exclusive announcement with HousingWire. The Robert Palmer-led company said it is not disclosing the financial terms of either deal. Humaniz provides teams with AI-powered software for recruiting and management, while Reside
LPT Realty parent company acquires Humaniz, Reside Read More »
It’s a classic, almost predictable homebuilding “I-told-you-so” moment. The most important thing PulteGroup told the market on its Q4 2025 earnings call wasn’t that it plans to divest ICG (Innovative Construction Group). It was why — and what that “why” implies about the hard reality homebuilders keep rediscovering across cycles: Factories love steady pull-through. Homebuilding
PulteGroup to divest ICG as factory costs challenge builders Read More »
As SERHANT. enters the Boston market — marking its first presence in Massachusetts and completing its expansion across all major East Coast cities — leaders also announced the five founding Boston agents. Founding agents include Michael Carucci, Antonio Khoury, Jorge Sariego, Kyle Farrell and Joe Albano, who have collective sales exceeding $600 million over the
SERHANT. names founding agents for Boston expansion Read More »
Nearly two years to the day since Keller Williams settled the home seller commission lawsuits, the firm has announced a settlement with the Batton homebuyer commission lawsuit plaintiffs. The company announced its settlement agreement on Monday. As part of the nationwide settlement agreement, Keller Williams will pay $20 million. The firm did not disclose any
Keller Williams settles Batton homebuyer commission lawsuit Read More »