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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. Employees in processing, underwriting, and closing jobs were the main targets in the last week’s layoff round, according to multiple interviews with former employees. . New Residential, the parent company of NewRez and Caliber Home Loans , declined to comment about the layoffs. “It

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

Housing Wire

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. My guess is we’ll do 10 or 11 deals this year in the $5.5

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

Housing Wire

New Residential Investment Corp. Last year, the company closed the acquisition of Caliber Home Loans and Genesis Capital LLC. 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?

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Mr. Cooper closes deal to acquire investment firm Roosevelt Management Company

Housing Wire

Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. Its investments started with the most credit-sensitive residential market segments and have evolved to all U.S. residential markets over the last decade.

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Selling a House ‘As Is’ in Louisiana

HomeLight

Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? Before listing your home, you will need to fill out the Louisiana Residential Property Disclosure so that potential buyers are aware of what they are getting into. Selling a house “as is” in Louisiana?

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Mid America Mortgage rebrands to Click n’ Close

Housing Wire

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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