Opendoor, whose stock price has soared since early July, has postponed a special stockholder meeting originally scheduled for today to address a Nasdaq listing notification. The vote, now rescheduled for Aug. 27, concerns a potential reverse stock split that, if approved by shareholders and enacted by the board, could help remedy the company’s share price […]
Opendoor delays vote amid stock surge, Nasdaq threat Read More »
Bill Pulte, director of the Federal Housing Finance Agency (FHFA) recently roiled the mortgage market with a post on X, writing “Fannie [Mae] and Freddie [Mac] will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge).” Not only is it highly unorthodox to be making huge policy decisions
Pulte’s tweet hands credit bureau an unfair edge Read More »
A Newrez spinoff is temporarily off the table, as its parent company focuses on maximizing the mortgage lender’s value to support the overall business, Rithm Capital leaders said in its latest earnings call. After reproposing the idea of a Newrez public listing two years ago, company leaders said optimizing its earnings potential for Rithm would
Newrez spinoff delayed as Rithm eyes growth Read More »