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Rithm Capital Delivers $524M Profit In 2023 

New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing business.  Lower interest rates, however, reduced the value of mortgage

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Mortgage Demand Ticks Up On The Strength Of Purchase Applications

Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% during the week ending Feb. 2 on a seasonally adjusted basis, according to the Mortgage Bankers Association’s

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assumable-mortgages-grow-in -popularity,-but-hurdles-remain

Assumable Mortgages Grow In  Popularity, But Hurdles Remain

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable mortgages remain a niche market compared to new mortgage issuance. But these transactions have grown recently. In 2023,

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Pretium Partners Raises $1 Billion To Acquire BTR Homes: Bloomberg

Real estate investment management firm Pretium Partners has raised nearly $1 billion for a new fund dedicated to acquiring built-to-rent (BTR) homes, Bloomberg reported on Tuesday. The company led by former Goldman Sachs partner Don Mullen also said in a statement that it has now invested a total of more

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FOA Raises Blackstone Borrowing Level To $85 Million

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group, has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA

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