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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Regardless of whether you are on the buy or sell side for a mortgage lender and/or servicer in a M&A transaction, it is critical to focus on post-closing matters too. Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis.

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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. The lender indicated it is in a good position to recapture much of its existing servicing business through investments in its brand and an end-to-end digital experience.

Loans 411
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

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John Burns: Consumer confidence slips as economic uncertainty mounts

Housing Wire

director of research and a managing principal at John Burns. Among those, 70% are cutting discretionary spending, 59% are switching to cheaper brands, and 50% are delaying large purchases such as homes , cars or major renovations. That figure is close to the 50% of lower-income households who feel the same. households.

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Serene Smith leaves COO role at RE/MAX

Housing Wire

RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ). He noted that the average RE/MAX agent closed 11.8 Smith has been with the company since 2006.

Principal 491
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Confused by the CCP debate? Here’s what to know

Housing Wire

Samson feels that a move to private listing networks would be a regression for the industry, going back to the pre-MLS days “when listings were hoarded, buyers were kept in the dark, and deals were made behind closed doors.”

MLS 270
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Rocket’s profits drop dramatically to $60M in Q2 2022

Housing Wire

Jay Farner, vice chairman and CEO of Rocket Companies, said the company introduced new lending programs, forged new mortgage partnerships, launched the solar business and expanded the brand to Canada during the quarter. billion in closed loans from April to June, down from $83.7 In the second quarter, however, the company generated $1.4

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