Rithm Capital, the parent of multichannel mortgage lender Newrez, said it’s not currently moving forward with plans on an initial public offering for the subsidiary as it focuses on supporting the firm’s broader portfolio. Instead, the firm is turning its attention to mergers and acquisitions, even amid macroeconomic uncertainty. “First of all, we spent a […]

Total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2% from the previous year, when comparing originators that reported in both years. That’s according to the Mortgage Bankers Association (MBA)’s 2025 Home Equity Lending Study. The study, conducted in the spring of 2025 and using

If any given week of movement in the mortgage rate world came with disclaimer, this one would be: “Warning. An absence of volatility on Monday has no bearing on odds for volatility in the rest of the week.” More simply put, you’re essentially guaranteed to see more rate movement over the next 4 days simply