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CoStar poised to acquire UK-based residential portal OnTheMarket

Housing Wire

CoStar Group , the parent company of real estate data giant CoStar , has made an offer to acquire OnThe Market , the third most visited residential property portal in the United Kingdom. The announcement bolsters the claim that CoStar is “playing for keeps in the residential real estate market.” residential rental platform.

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New Residential makes another round of layoffs

Housing Wire

Lender and servicer New Residential Investment Corp. New Residential, the parent company of NewRez and Caliber Home Loans , declined to comment about the layoffs. “It Documents filed with the Securities and Exchange Commission (SEC) show that New Residential had 12,293 employees in December 2021, and 11,324 in March 2022. .

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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

The rating agencies and bond market have recognized the pristine nature of [residential mortgage-backed securities, or RMBS] and are rewarding that over time with tighter and tighter spreads, which allows for better financing, which then allows for better pricing ultimately back to the borrower,” Warden said. “My

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HUD creates research grant to analyze office-to-residential conversions

Housing Wire

Department of Housing and Urban Development (HUD) this week announced a new notice of funding opportunity (NOFO) to examine the intricacies of converting office space into residential living units. Each new goal, while worthy, widens the disconnect between buildings constructed decades ago and what regulation requires today.”

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% The post Residential construction jobs now 7.6%

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New Residential to internalize management, change name to Rithm Capital?

Housing Wire

New Residential Investment Corp. New Residential will start trading on the NYSE as “RITM” on or about August 1, 2022. The post New Residential to internalize management, change name to Rithm Capital? Last year, the company closed the acquisition of Caliber Home Loans and Genesis Capital LLC.

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Apex Home Loans names Leo Anzoleaga as SVP of residential lending

Housing Wire

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving customer experience.

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