The battle over Costar Group’s high-risk, money-losing Homes.com venture escalated as activist investor D.E. Shaw publicly criticized the company’s board for its handling of the $3 billion investment. Processing Content The latest letter was signed by managing directors Edwin Jager and Michael O’Mary, and came out before the market opened on Feb. 4. D.E. Shaw […]
Costar board blasted for $3B Homes.com loss Read More »
Shore Capital Partners, a Chicago-based private equity firm founded by billionaire Justin Ishbia, has raised more than $400 million for its second industrial fund. Processing Content The closing extends a string of successful fundraising for the firm, following a dry spell for the private equity industry more broadly, driven by higher interest rates and macroeconomic
UWM’s Justin Ishbia raises $400 million for new industrial fund Read More »
At 8:15 ADP was expected to report 46,000 non-farm and non-government jobs were created last month but the number came in at just 22,000. The ADP report never carries the weight of the BLS report, but without one of those likely due to the shutdown, I thought today might be different, but it wasn’t. Processing
ADP jobs miss barely registers in choppy Treasury trade Read More »
There’s finally a little good news for anyone who’s been priced out or sitting on the sidelines. Buying a home is getting more affordable. Monthly payments have started to come down, and the squeeze buyers have been feeling for the past few years is slowly loosening. Now, that doesn’t mean everyone can suddenly afford a
It’s Getting More Affordable To Buy a Home Read More »
A public stock offering for the government-sponsored enterprises remains on the table this year, but it is not the only path under serious consideration, according to Federal Housing Finance Agency Director Bill Pulte and industry survey results that align with NMN’s earlier reporting. Processing Content “There are very strong odds” of a GSE stock
Pulte: GSE stock move odds ‘strong,’ but ‘we don’t have to’ Read More »
The bad news: mortgage rates moved up to their highest levels in 2 weeks today. The good news: the rate range has been very narrow during that time, so there’s not too much of a difference between 2-week highs (6.20%) and lows (6.15%). Today’s move wasn’t a product of anything that happened today. Rather, the
Mortgage Rates Drift Up to 2-Week Highs Read More »
Borrower equity reached a four-year low in the fourth quarter of 2025, while underwater mortgages hit its largest share in nearly three years, according to a new industry report. Processing Content Less than 45% of mortgage residential properties in the United States were considered equity-rich last quarter, meaning that the combined estimated amount of loan
Home equity slips to 4-year low as underwater loans rise Read More »
The partial US government shutdown is on track to end later Tuesday after the House passed a funding deal President Donald Trump negotiated with Senate Democrats, overcoming opposition from both ends of the political spectrum. Processing Content The spending package, which Trump has said he wants enacted quickly, now goes to the president for his
Shutdown on track to end as House approves Trump funding deal Read More »
As Two Harbors Investment moves toward its sale to UWM Holdings, the mortgage REIT posted another quarterly GAAP loss and fell short of Wall Street’s earnings expectations, even as results improved sharply from a settlement-driven stumble earlier in the year. Processing Content The net loss of $1.3 million was much improved from the third
Two Harbors misses estimates as UWM deal nears Read More »
Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings. Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary
Newrez bets on tech as MSR losses drag Q4 results Read More »