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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. Sculptor added another $1 billion in assets during the past year, according to the 2024 earnings report.

Loans 371
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 464
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PennyMac’s 2024 performance driven by strong servicing portfolio

Housing Wire

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 “Our best-in-class management team has built a platform with significant scale and remains committed to unlocking additional efficiencies through continued investments in workflow and technology. .

Principal 336
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Property services company MCS enters reverse mortgage space

Housing Wire

Five Brothers expressed enthusiasm “to be joining forces with MCS to continue providing necessary and valuable nationwide field services, advanced technologies and unrivaled reverse/Home Equity Conversion Mortgage (HECM) expertise to its clients,” president and CEO Nickalene Badalamenti-Kalas said in a statement. “We

Mortgages 442
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Mr. Cooper delivers $181M profit in Q1 2024 

Housing Wire

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 390
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Announcing the 2024 Women of Influence!

Housing Wire

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Lending 493
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Two top BHHS teams create one mega team in Las Vegas

Housing Wire

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

Principal 434