Onity Group announced downscaled servicing-rights sales in its Finance of America agreement and reported a drop in earnings due to interest rate and delinquency-related pressures on Tuesday. Processing Content Net income to common shareholders was $7 million, compared with a S&P Capital IQ Pro consensus estimate of $17.8 million. Onity had earned $126 million in […]
Onity Group reduces scope of Finance of America pact Read More »
“Where’s the upside here?” That’s the question Steve Murray, the co-founder of RealTrends Consulting, keeps coming back to as the industry digests The Real Brokerage’s acquisition of REMAX — and it’s the same question investors appeared to answer swiftly. On the day of the announcement, Real’s stock plunged to $2.02 per share, with trading volume
Real-REMAX deal: complementary models or culture clash? Read More »
UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers
UWM challenges Two Harbors board over rejection of $12 per share bid Read More »