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Kiavi closes on $350M securitization 

Housing Wire

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

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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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White House, federal agencies urge more commercial-to-residential property conversions

Housing Wire

Department of Housing and Urban Development (HUD) announced today the launch of a new inter-agency initiative to encourage more property conversions of commercial buildings into residential units. HUD also released a new edition of its “ Evidence Matters ” publication dedicated to commercial-to-residential conversions.

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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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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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Zillow’s purchase of ShowingTime closes

Housing Wire

However, the Federal Trade Commission delayed the deal’s close by extending the review period. The Information reported Thursday that the FTC, under its Joe Biden-appointed chair Lina Khan, did just that, scrutinizing Zillow about its market share in myriad aspects of the residential real estate economy.

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