Compass has made two big additions in Austin and St. Louis. The Weiss Group in Austin is returning after a stint with The Agency, bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices. In respective statements, both groups cited…
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Onity Group, the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, announced this week that it will offer $500 million in senior notes due in 2029. The proceeds from this note sale, along with additional cash from the company, will be used to pay off older debt with higher interest rates. The deal…
Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch…
The Mortgage Bankers Association (MBA) on Thursday released a new white paper, which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” Dec. 22, 2024, will mark the 50th anniversary of RESPA being signed into law by President…