Gavel over one hundred dollar bills represents Newrez' settling a complaint
California regulators collect $1.8M fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due.
by Matt Carter Aug 18
Newrez parent company Rithm raising up to $391M in offering
Proceeds from sale of up to 34.5M shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment
by Matt Carter Sep 25
3rd round of layoffs at Newrez brings 2024 job cuts to 750
After cutting nearly 500 jobs following Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida
by Matt Carter Jul 9
Newrez laying off nearly 500 workers after Rithm acquisitions
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
by Matt Carter Jun 11
Back in growth mode, Better is hiring again but still in the red in Q1
The lender boosted mortgage volume 25% from Q4 but suffered a $51M loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future 'lies in Uberizing the loan officer'
by Matt Carter May 15
UHM revamps leadership team to support growing national footprint
Ohio-based Union Home Mortgage boosted capacity by acquiring Amerifirst Home Mortgage. New divisional leadership structure supports a 'rapidly expanding, nationwide footprint'
by Matt Carter Apr 23
First-timers 'significantly' less satisfied with mortgage lenders
Homebuyers don't just want good rates. They want lenders to solve problems that will keep them from getting to the closing table, annual JD Power mortgage customer satisfaction survey finds
by Matt Carter Nov 16
Big Keller Williams franchise group launches mortgage JV with Newrez
One of Keller Williams Realty's biggest franchise groups, Georgia Legacy Group, partners with national mortgage lender and servicer Newrez to launch a joint venture, Onward Home Mortgage
by Matt Carter Oct 3
Survey: Mortgage lenders missing chance to build trust with borrowers
JD Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers
by Matt Carter Nov 10
Mortgage lenders face heightened risk of income, property fraud
Risk of false W-2's, earnings statements and payroll checks up 27.3% during Q2 compared to a year ago, according to the latest CoreLogic Mortgage Fraud Report, released Monday
by Matt Carter Sep 13
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
The 40-year fixed-rate mortgage is back
Nonbank mortgage lender Newrez says 40-year, interest-only loans will help borrowers and investors who have been priced out of today's housing market
by Matt Carter Sep 2
Newrez partners with Patch news site to bolster mortgage originations
Building on the momentum of last year's Caliber Home Loans acquisition, Newrez seeks to be 'national go-to source' for mortgage info
by Matt Carter Mar 3
A handshake in the midst of action
The real estate giant keeps building on its position as the lone national franchisor in the mortgage broker channel
by Matt Carter Aug 10
These are the mortgage lenders that dominated refinances in 2020
Mortgage lenders saw record volume in 2020, with refinances leading the way. Here are the lenders that dominated refinances last year, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 14