The latest chapter in the legal battles between Nexa Mortgage cofounders favored Mat Grella and his company, Platinum One Lending, as a Michigan judge dismissed Nexa CEO Mike Kortas’ claims. Processing Content Judge Michael Warren ruled that $350,000 transferred to Platinum One was an equity investment from Nexa, not a loan, like Kortas claimed. He […]
Nexa ordered to pay Platinum One $280,000 in damages Read More »
Key Insight: President Trump’s selection of former Fed Gov. Kevin Warsh to a vacating seat on the central bank board will likely garner broad support from Senate Republicans, but promised opposition from Sen. Thom Tillis, R-N.C., could slow the confirmation process. Expert Quote: “I have known Kevin for a long period of time, and
Trump taps ex-investment banker Warsh to be next Fed chair Read More »
US stock futures and Treasuries pared losses after President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair, with traders debating how far he would cut interest rates. Processing Content The dollar also trimmed its advance after Trump made his announcement on Truth Social. Moves earlier in the day suggested traders were dialing back expectations
Stocks, bonds trim losses as Trump taps Warsh Read More »
President Donald Trump announced on Thursday evening that he will name his choice for the next Federal Reserve chair on Friday morning. At publication time, prediction sites Polymarket and Kalshi had Kevin Warsh as the frontrunner, putting his odds of being chosen at more than 85%, which sent the 10-year yield higher. CNBC reported that
Trump to announce new Fed chair Friday, sending the 10-year yield higher Read More »
PennyMac Financial Services reported its full-year and fourth-quarter 2025 earnings on Thursday, telling investors and analysts that higher mortgage production helped offset pressure on servicing income from increased prepayment activity. The California-based company posted a solid quarter and a strong 2025, but its growth in loan production is doing the heavy lifting. Servicing profitability is
PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff Read More »
A headwinds-meets-crosswinds housing market buffets homebuilding business leaders as 2026’s spring selling stretch lies just ahead. Almost in everything, everywhere and all at once, homebuilding firms are buying sales, trying not to be among those whose inventory ages on the vine. An outlying knack for sustaining a new-order pace, defined less by price discovery and
NVR’s Q4 and the value of staying land-light in a headwinds market Read More »
After over two decades at Douglas Elliman, Raphael De Niro and his team are making the move to Brown Harris Stevens. The New York City-based De Niro Team, which consists of De Niro and eight other agents, closed 14 transaction sides for a total of $52.12 million in sales volume in 2024 according to RealTrends
RealTrends Verified ranked De Niro Team joins Brown Harris Stevens Read More »
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models. Legal experts have described the case as “unique,” saying
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say Read More »
M/I Homes’ Q4 2025 earnings call this week peeled back details on how one of the nation’s top-20 homebuilding enterprises will lean into a contrarian, spec-heavy strategy. Based on the firm’s geographical footprint, product set and construction operational efficiencies, M/I executives are betting a measured spec strategy will pay dividends as homebuilding’s spring selling season
Why M/I Homes is spec-heavy ahead of the spring selling season Read More »
Propy — a tech company using artificial intelligence (AI) and blockchain to automate real estate closings — announced it has secured a $100 million credit facility from Metropolitan Partners Group. Financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform. According to Propy, transaction costs can approach 10% of
Propy secures $100 million for AI-powered closing platform Read More »