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November 2025

Onity posts steady profit, sheds Rithm subservicing deal

Earnings, Servicing /

Onity Group posted its best quarter for funded loan volume and shed a troublesome subservicing portfolio, in another steady quarterly performance.  The lender and servicer Thursday posted net income attributable to common shareholders of $18.7 million, down from the $21.5 million and $21.4 million profits of the quarter- and year-ago periods. Its latest adjusted income […]

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Homebuilders bet on 1% mortgage rates to wake up U.S. buyers

Homebuilders, Housing Inventory, Originations, REALTORS & HOMEBUILDERS /

With the average mortgage rate near 6%, US homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower.  The trick is simple: buy new.  In markets across the US, homebuilders sitting on unsold inventory are subsidizing

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How Mamdani’s win is roiling New York’s real estate market

Affordable housing, Multifamily, New York, Politics and policy /

Zohran Mamdani is already shaking up New York’s real estate market.  The 34-year-old Democratic Socialist won a majority of voters Tuesday in the city’s mayoral race, on a platform addressing the sky-high cost of living in the city. Opponents say his policies, which include a rent freeze and higher taxes, will drive homeowners and investors

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As auto delinquencies rise, CFPB seeks to cut oversight

Auto lending, Consumer banking, Politics and policy, Subprime lending /

Key Insight: The Consumer Financial Protection Bureau’s proposal comes as auto loan delinquencies are hitting their highest levels in decades.  What’s at Stake: Banks object to reduced supervision of nonbanks, arguing that the Dodd-Frank Act specifically requires consistent oversight of banks and nonbanks. Supporting Data: If the CFPB adopts a rule raising auto loan thresholds,

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Guild’s profits and originations jump ahead of privatization

Earnings, M&A, Originations /

Guild Mortgage reported higher profits and loan volume in the third quarter, likely marking its final earnings release as a public company before its merger with Bayview Asset Management. The company reported net income of $33.3 million in the third quarter, up significantly from a loss of $66.9 million during the same period a year

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Mortgage Rates Near 2-Month Highs After Today’s Econ Data

Uncategorized /

A common recent refrain is that the bond market (which dictates interest rates) is having to make do without many of the most important regularly-scheduled economic reports due to the government shutdown. While this means rates must “fly blind” on many of the days that would normally coincide with these government economic reports, there are

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Octaura adds CFO, Cristina Kim, in continued expansion bid

Bank of America, CLOs, JPMorgan Chase /

Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs) has appointed Cristina Kim as chief financial officer, to oversee the company’s financial strategy following a major fund raise earlier this year. “Cristina’s deep market and investment expertise will be instrumental as we expand Octaura’s platform and partnerships, and continue to modernize

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BofA projects financial gains, but investors want even more

Bank of America, Brian Moynihan, Consumer banking /

Key Insight: At its first investor day since 2011, Bank of America expressed optimism on a number of financial fronts, but it wasn’t enough to stop its stock from dropping slightly on Wednesday. Supporting Data: The bank issued new guidance on its return on tangible common equity, saying ROTCE would reach 16%-18% over the next

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HUD opens bidding for latest vacant-loan sale

Affordable housing, Housing markets, HUD, Industry News /

The Department of Housing and Urban Development has announced a December vacant-loan auction for properties secured by Home Equity Conversion mortgages. HVLS 2026-1 goes on sale on Dec. 9 and consists of first liens secured by Federal Housing Administration-backed HECMs, where borrowers and their spouses are deceased.  Total unpaid balance for the pool of loans

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Fair housing complaints stay near historic peak in 2024

Affordable housing, Diversity and equality, Housing markets, Politics and policy, Regulation and compliance /

Housing discrimination complaints were close to their two-decade high in 2024, alarming advocates concerned about a pull-back in enforcement, the National Fair Housing Alliance said. Its 2025 Fair Housing Trends Report found 32,321 discrimination complaints were filed in the prior year. While this was lower than the 34,150 complaints received for 2023, it is still

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