In its second transaction this month, Rithm Capital took steps to further diversify its business, this time buying office property real estate investment trust Paramount Group for $1.6 billion. It will pay $6.60 for each Paramount share, funding by cash and liquidity from the balance sheets of both companies. The company also spoke of potential […]
Rithm purchasing commercial REIT Paramount Group for $1.6B Read More »
Adobe Stock Mortgage applications continued to soar last week on the back of the lowest rates in almost a year, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. After application volume dropped in three consecutive weeks, it rose 9.2% on a seasonally adjusted basis the week ending September 5 and jumped another 29.7%
Mortgage applications soar, led by refinancing spike Read More »
Fannie Mae announced operational changes that will pave the way for lenders to opt for use of advanced credit scoring models later this year. This shift potentially allows them to reach and approve an expanded group of borrowers through the use of trended repayment data. The government-sponsored enterprise is preparing its web-based PoolTalk technology and
Fannie Mae updating disclosures to pave way for VantageScore Read More »