Housing Wire

OCTOBER 12, 2023

Real estate investment trust Rithm Capital Corp. has increased its offer to acquire Sculptor Capital Management Inc. by 7.62% to $676 million amid competition from a group of investors and a dispute among the shareholders at the asset management firm. per Class A share. per Class A share.

Investor 421

Investor Closing As-is Mortgages 421

Housing Wire

MARCH 4, 2024

Rithm Capital , a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. Rithm posted $532.7 million in GAAP net income in 2023.

Loans 421

Loans Mortgages As-is 421

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.”

Lending 420

Lending Sales Commercial Loans 420

Housing Wire

NOVEMBER 17, 2023

New York-based Rithm Capital, the parent company of Newrez , announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 The company targets transitioning from a real estate investment trust to a global asset manager. As a result, Sculptor will be delisted from the New York Stock Exchange.

Investor 410

Investor As-is Lending Finance 410

Housing Wire

MARCH 29, 2024

Asset management firm Hudson Structured Capital Management Ltd., which is currently invested in Doma, is expected to maintain its investment in Doma TechCo. The deal is also conditioned on the completion of certain transactions, an investment by Lennar into TRG, and other arrangements with HSCM.

Title 421

Title Technology Residential Investor 421

Housing Wire

MARCH 7, 2024

Warden said the largest buyers of triple AAA, or top-rated, RMBS are generally the large money managers. It is a huge investment sector “that has all been taken away from them,” due to the post-pandemic woes afflicting commercial properties, such as office buildings, Van Gelderen said. “And and Europe.

Investor 421

Investor As-is Commercial Equity 421

Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. The investment stems from a merger agreement between Intercontinental Exchange (ICE) and Black Knight , which included the divestiture of Optimal Blue.

Equity 407

Equity Loans Mortgages Finance 407

Housing Wire

FEBRUARY 10, 2023

Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., The deal also includes the operations for affiliated company Rushmore Loan Management Services, LLC. the company confirmed on Friday. residential markets over the last decade.

Closing 370

Closing Investor Residential Loans 370

Housing Wire

MARCH 1, 2024

“Even the best business operators, innovators and entrepreneurs have no chance at winning or growing without creative, diligent and strategic financial management and execution,” said Clayton Collins, CEO of HW Media.

Finance 441

Finance Principal Construction MLS 441

Housing Wire

AUGUST 11, 2023

AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc. per Western Asset common share and $1.12

Mortgages 370

Mortgages Property Management Residential Investor 370

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. for Western Asset Mortgage Capital Corp., and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc. premium to Western Asset’s closing stock price as of July 12. the company announced on Thursday.

Mortgages 370

Mortgages Residential Property Management Closing 370

Housing Wire

APRIL 12, 2024

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” trillion in 2032.

Industrial 421

Industrial Technology Banks Mortgages 421

Housing Wire

OCTOBER 27, 2023

Och and his group to acquire the asset management firm for $719 million, representing a 14% increase over the original bid. The deal will bring to Rithm Sculptor’s $34 billion of assets under management, including real estate, credit and multi-strategy investing spectrum. million the prior quarter.

Closing 409

Closing Investor As-is Mortgages 409

Housing Wire

FEBRUARY 28, 2024

Blackstone ’s Jonathan Pollack is joining private investment firm Starwood Capital Group , the company announced on Monday. In his new role, Pollack will be leading all of Starwood’s committees, including its executive, investment, disposition and operating committees, according to Barry Sternlicht, chairman and CEO of Starwood Capital. “I

Commercial 417

Commercial Banks Development Industrial 417

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 430

Lending New Construction Construction Finance 430

Housing Wire

OCTOBER 11, 2023

CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s In July, Rithm struck a deal to acquire Sculptor Capital Management Inc. for $639 million, leading to a dispute among the shareholders at the asset management firm. s $720 million acquisition of Computershare Mortgage Services Inc.

Principal 473

Principal Loans Investor Finance 473

Housing Wire

APRIL 18, 2024

Data courtesy of Sterling Point Advisors and Augment Analytics Brett Ludden is managing director and co-head of the financial services team at Sterling Point Advisors, a merger and acquisitions advisory firm. He is also the co-founder and managing partner of Augment Analytics.

Loans 421

Loans Due diligence Investor Technology 421

Housing Wire

DECEMBER 1, 2022

The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and property managers justify the effort and expense of upgrading their communities? Ultimately, Sanchez said that smart home features maximize real estate values both operationally and as investments.

Technology 543

Technology Marketing Property Management Investor 543

Housing Wire

AUGUST 31, 2023

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. The real estate investment trust that operates NewRez , Caliber and several other businesses announced a deal to acquire Sculptor for $639 million in July.

Investor 397

Investor Equity Closing Finance 397

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 384

Banks Bankruptcy Loans Investor 384

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Mortgages 429

Mortgages Marketing Loans Equity 429

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Lending 466

Lending Technology Loans Mortgages 466

Housing Wire

MARCH 1, 2024

The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. Barclays Capital and Performance Trust Capital Partners were joint bookrunners and co-lead managers on the transaction. Nomura Securities International was the primary entity responsible for structuring the deal.

Closing 431

Closing Investor Principal Residential 431

Housing Wire

APRIL 15, 2024

We’re back in the land of 7%-plus mortgage rates,” Will Chang, Pennymac ’s senior managing director and chief investment officer, said in an interview with HousingWire. At BTIG , managing director and mortgage analyst Eric Hagen said it is “needless to say that mortgage rates could be volatile.”

As-is 458

As-is Industrial Mortgages Loans 458

Housing Wire

SEPTEMBER 19, 2022

SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. “In addition, the company continues to promote a continuous improvement culture across the business, investing in significant technology enhancements and operational improvements.” Select Portfolio Servicing Inc.

Loans 384

Loans Property Management Technology Branding 384

Housing Wire

APRIL 3, 2024

It has constructed a servicing platform while adding multi-asset originations and asset management capabilities. The company has also established capital-partner relationships and has made a series of technological investments into its platforms, he said.

Branding 416

Branding Mortgages Staging Equity 416

Housing Wire

SEPTEMBER 12, 2023

The investment adviser and analytics firm will pay $100,000, according to the agreement made public on Monday. MIAC, registered as an investment advisor since 2002, had about $1.195 billion of regulatory assets under management, according to filings with the SEC on March 20, 2023.

Design 397

Design Mortgages Industrial Finance 397

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. Meanwhile, Figure seeks to raise $50 million for its digital asset arm, according to Bloomberg.

Lending 431

Lending Banks Equity Technology 431

Housing Wire

APRIL 1, 2024

Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Burnett said. The annual investment volume in the U.S.

Equity 441

Equity Finance Purchase and sale agreement Investor 441

Housing Wire

FEBRUARY 9, 2023

Brett Ludden, managing director of Sterling Point Advisors , a merger and acquisitions (M&A) advisory firm based in Virginia, estimates that up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures. This week, Guild announced it has acquired Legacy Mortgage.

Mortgages 370

Mortgages Lending Loan Officer Loans 370

Housing Wire

MAY 24, 2023

banks, which glommed onto these assets in the wake of the Global Financial Crisis, are expected to play a smaller role in the years to come. They are likely to be replaced by money managers as investors. ” Byron Boston, CEO and co-chief investment officer at Dynex Capital, Inc., The Fed and U.S. ”

Marketing 384

Marketing Banks Fixed-rate mortgage Investor 384

Housing Wire

FEBRUARY 27, 2024

Why I see these issues the way I do I currently serve as CEO of a minority-owned asset management company focused on facilitating transactions that deliver high-yield returns for investors. If you want a high return, you’re more likely to find it in portfolios of distressed assets and REOs. I also know the inner city.

Banks 432

Banks Loans Land Commercial 432

Housing Wire

JUNE 21, 2022

New Residential Investment Corp. announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. The main contribution came from the servicing portfolio.

Residential 384

Residential Investor Loans Finance 384

Housing Wire

MARCH 1, 2023

That’s the takeaway from a recent market report by the Amherst Group , a real estate investment firm based in Austin, Texas. That interest-rate tool is coupled with another lever known as tapering, which involves the Fed orchestrating a major retreat from the agency MBS market by allowing assets to run off its $2.6

Marketing 384

Marketing Banks Mortgages Investor 384

Housing Wire

DECEMBER 14, 2022

During this time, he facilitated business partnerships with mortgage lenders, banks and credit unions for wholesale or correspondent lending businesses, MSR acquisitions, jumbo bulk acquisitions, scratch and dent mortgage loans, warehouse lending, escrow deposit management and shared national credit opportunities. billion.

Banks 397

Banks Lending Title Commercial 397

Housing Wire

OCTOBER 18, 2022

Boston-based real estate investment proptech Knox Financial announced Monday it is launching new products on its platform that will help homeowners transform their homes into investment properties. Barrett compares the shift to changing an asset mix in a stock portfolio. “For

Equity 410

Equity Lending Loans Mortgages 410

Housing Wire

OCTOBER 9, 2020

Prior to this new position, Supancich served as senior vice president and global chief human resources officer at Kelly Services , a Fortune 500 company that specializes in workforce management solutions for employers worldwide. The post People movers: Home Point Financial, Kukun, Kairoi Residential appeared first on HousingWire.

Residential 397

Residential Property Management Development Land 397