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Rithm drops Onity as subservicer on $33B portfolio
Rithm Capital will no longer use Onity Group’s servicing subsidiary, PHH Mortgage Corp., as the subservicer of a $33 billion portfolio primarily composed of pre-2008 loans — ending an agreement that has lasted nearly a decade.
Orlando metro homes sit longer despite lower prices
Orlando metro homes take 20% longer to sell despite over 47% price cuts. Full market analysis with inventory and absorption data.
Philadelphia homes sell weeks faster than national pace
Philadelphia metro homes sell 28 days faster than national pace. 39% of listings price cut, with supply tightening to 2.0 months.
Ocrolus adds automated conditioning to mortgage tools
The new AI-powered feature accelerates loan processing by automating the identification and management of conditions.
NRMLA pushes for Senate confirmation of Ginnie Mae’s Gormley, FHA’s Cassidy
The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts.
Carrington to acquire Reliance First Capital
Carrington Holding Co. announced its acquisition of Reliance First Capital, enhancing its platform with a direct-to-consumer channel.
RE/MAX sees Q3 profit rise despite revenue dip, talks AI and franchise programs
CEO Erik Carlson said new digital marketing initiatives will help agents win more business while improving profitability for brokerages.
One in five Americans believe they’ve lived in a haunted house
While a majority say they’d feel uneasy living in a haunted house, three-fourths wouldn’t immediately move out if they discovered one.
Real estate industry chiefs say housing fix starts with mortgage financing reform
Leaders emphasized that drastic times call for drastic measures — and that a generation of homeownership lies in the balance.
Michigan title agents suspended over alleged mismanagement of escrow funds
Officials said the agents posed an “imminent threat of harm” due to “incompetence, untrustworthiness, and diversion of insurance funds.”
Blend, Doma expand partnership with title solution integration
Lenders using Blend solutions can access instant title decisions via Doma’s Upfront Title that’s embedded into the borrower application flow.
Fidelity National, FHFA announce collaboration on ‘innovative title solutions’
FNF says its work with the FHFA does not involve being part of the title insurance waiver program.
What permanent desktop appraisals mean for the industry
Desktop appraisals became a permanent option in March, but not everyone has embraced them. We dive in to find out the issues.
A property tax reckoning is coming
Property taxes are rising unevenly across the country, triggering concerns for affordability. We explore how it will all play out.
A property tax reckoning is coming
Property taxes are rising unevenly across the country, triggering concerns for affordability. We explore how it will all play out.
