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 »
A federal judge handed another blow to the Trump administration’s attempts to prematurely end redlining settlement obligations for mortgage lenders. Pennsylvania-based ESSA Bank must follow the terms of its 2023 agreement for three more years, a federal judge ruled this week. The Department of Justice in recent months argued the lender had met the fair
Judge rejects DOJ’s bid to end bank’s redlining settlement Read More »
Bond investors enter a frenetic week comprising the latest Treasury view on quarterly debt sales, a Federal Reserve meeting, and plenty of data crowned by the July jobs report. With four trading days left in July, the Treasuries market is on course for only its second negative month this year, as investors have reduced
Bond traders await Fed meeting, refunding and jobs report Read More »