Financial services company Onity Group, the parent company of PHH Mortgage Corp. and top 10 reverse mortgage lender Liberty Reverse Mortgage, highlighted the financial performance of its reverse mortgage division as a hedge on forward originations and touted the ongoing performance of its servicing portfolio, and broadly stated that the company reached its “highest net…
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Lawyers who were representing Tal and Oren Alexander in Side’s breach of contract lawsuit against the defunct brokerage Official Partners are no longer working with them. In conjunction with court filings on Wednesday related to the appeal of a previous ruling, Michael Betz of Allen Matkins is listed as “terminated” in the docket for the…
San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 billion since 2019. Kiavi reported that the offered notes were…
Nationwide housing inventory showed a glimmer of recovery toward the end of 2024. But these new listings aren’t attracting buyers, and pending home sales dropped 4.2% month over month in January. That finding comes from two Redfin reports released on Thursday. Each tell similar stories, albeit from different perspectives. According to the first report, the…