"February 7, 2025" Archives

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Newrez parent Rithm Capital posts 57% profit growth in 2024

Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier. In its fourth-quarter and full-year 2024 earnings report released Thursday, New York-based Rithm posted GAAP net income of…

Longbridge, Mutual of Omaha granted delay in reverse mortgage marketing lawsuit

Deadlines in a lawsuit and countersuit stemming from allegations of deceptive reverse mortgage marketing practices have been pushed out one month to the end of March and mid-April, respectively, as all parties in the case advocate for more time. This stems from a preliminary injunction request filed by Longbridge Financial against Mutual of Omaha Mortgage,…

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