February 2026

Newrez bets on tech as MSR losses drag Q4 results

Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings.   Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary […]

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Builders push ‘Trump Homes’ in pitch for a million houses

Builders are working on a plan for a massive program to develop “Trump Homes” that would address the US affordability crisis while allowing private capital to deploy many billions of dollars. Processing Content Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to

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Title company owner sentenced for mortgage escrow fraud

A federal judge has sentenced a Florida title company owner to 27 months in prison after he pleaded guilty to embezzling mortgage lenders’ funds. Processing Content Jonathan Yasko, 47, of Winter Springs, Florida, committed wire fraud between 2021 and 2023, diverting lenders’ funds in real estate transactions to other accounts, according to prosecutors. That included

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