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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Regardless of whether you are on the buy or sell side for a mortgage lender and/or servicer in a M&A transaction, it is critical to focus on post-closing matters too. Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis.

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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. The lender indicated it is in a good position to recapture much of its existing servicing business through investments in its brand and an end-to-end digital experience.

Loans 403
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

Investor 370
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Serene Smith leaves COO role at RE/MAX

Housing Wire

RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ). He noted that the average RE/MAX agent closed 11.8 Smith has been with the company since 2006.

Principal 489
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Rocket’s profits drop dramatically to $60M in Q2 2022

Housing Wire

Jay Farner, vice chairman and CEO of Rocket Companies, said the company introduced new lending programs, forged new mortgage partnerships, launched the solar business and expanded the brand to Canada during the quarter. billion in closed loans from April to June, down from $83.7 In the second quarter, however, the company generated $1.4

Principal 435
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Real estate tech roundup: CoStar buys Homesnap

Housing Wire

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. The number of property listings across CoStar’s brands will also double, from about 1.35 million to over 2.6

Principal 459
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Doma goes public, but investors cash out early

Housing Wire

But Doma waived the failure to satisfy the “minimum cash condition,” and the merger was closed. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4 Doma opened at $6.81 on Monday after opening at $8.20 last Thursday — the company’s first day on the New York Stock Exchange.

Investor 397