Rithm Capital, the parent of multichannel mortgage lender Newrez, said it’s not currently moving forward with plans on an initial public offering for the subsidiary as it focuses on supporting the firm’s broader portfolio. Instead, the firm is turning its attention to mergers and acquisitions, even

Total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2% from the previous year, when comparing originators that reported in both years. That’s according to the Mortgage Bankers Association (MBA)’s 2025 Home Equity Lending Study

Attorney Anthony Lopez and his fiancé Dr. Nicole Martin, of “The Real Housewives of Miami” fame, sold their waterfront Coral Gables estate for $40 million, topping luxury residential sales activity last week across Miami-Dade County.  Buyers signed 17 contracts between July 21 and July 27, according

Ockap Caviar | Miami Beach  Restaurant Ockap Caviar & Cuisine will open in Miami Beach’s South of Fifth neighborhood.  Ockap leased 3,200 square feet at a commercial unit at the One Ocean condominium building at 1 Collins Avenue, according to the landlord’s broker.  Sebastian and Fabio Faerman of FA

Capstone Collegiate Communities and Henry Pino’s Alta Development are partnering on a student housing project near the University of Miami. The developers are planning a 16-story, 189-unit complex with a total of 701 beds, the South Florida Business Journal reported. The project is slated for the si

Development is on the rise in North Bay Village, a small town in Miami’s Biscayne Bay.  At a town commission meeting earlier this month, a joint venture between the Pérez family’s Related Group and Harry Macklowe Properties secured approval for their planned two-tower luxury condo development.  The

Wall Street analysts expect the aircraft manufacturer to halve its second-quarter losses from a year ago when it reports earnings this week.

Go Mortgage‘s majority owner and CEO Michael Isaacs have parted ways, sources told HousingWire this week.Staff at the Ohio-based retail lender were told on Monday that Isaacs’ tenure was over, and that majority owner Jordan Hansell had named himself as interim CEO. The departure was a mutual decisio

Housing inventory growth is starting to stall, despite elevated mortgage rates. As new listings begin their seasonal decline, we might have already reached our peak percentage growth rate for 2025. The recent stalling has already gradually reduced the year-over-year growth percentage by a slight amo

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate.Here’s what happened this week:Senate Democrats press FHFA on crypto use in mortgagesFive Senate Democrats are urging caut

Attorney Anthony Lopez and his fiancée, former “Real Housewives of Miami” star, Dr. Nicole Martin, had a change of heart and sold their waterfront mansion in Coral Gables, likely for a big profit.  A trust in Lopez’s name sold the 19,380-square-foot, seven-bedroom home at 555 Reinante Avenue for $40

The Lower Sioux Indian Community in Morton, Minnesota, has become the first in the country to create a fully vertically integrated “seed-to-wall” program using industrial hemp — addressing a critical shortage of affordable housing on its reservation.Prompted by U.S. Census Bureau data indicating the

Riviera Beach’s Planning and Zoning Board unanimously endorsed a massive mixed-use condominium project across the street from the Port of Palm Beach.   The board voted Thursday to recommend the rezoning of a 4.27-acre former boat yard at 1117 Broadway that will enable Boca Raton-based SobelCo to bui

The Senate Banking Committee will hold its first bipartisan housing markup in more than a decade, Chairman Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.) announced Thursday evening.The executive session, which will involve the consideration of the ROAD to Housing Act of 2025, will

Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully.In a letter addressed to FHFA Director Bill Pulte, the senators reacted to his social media po

The U.S. housing market is entering a new phase defined less by competitive bidding and more by financial stress and practical necessity, according to a second-quarter Bright MLS agent survey released Friday.The findings reveal a marked departure from previous years’ demand-driven trends, with both

Lennar proposes 125 townhomes in south Miami-Dade County, marking the homebuilding giant’s continued development in the area.  Miami-based Lennar wants to build the Century Parc Villas North complex on a 10.3-acre site at 35655 Southwest 192nd Avenue in unincorporated Miami-Dade, according to an app

Nearly two-thirds of retirees are dissatisfied with Social Security benefits, according to a new survey conducted by The Senior Citizens League (TSCL).The average monthly Social Security check reached north of $2,000 this year, according to the survey, with just 10% of the 1,920 respondents saying t

Don King averted a knockout punch to his real estate investments after selling a distressed Deerfield Beach warehouse for $11 million. The legendary 93-year-old boxing promoter, who lives in Boca Raton, sold the property for more than double what he owed on an allegedly delinquent mortgage.  An affi

Nearly two dozen members of Congress recently sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), that supports his decision to accept VantageScore 4.0 credit scores for mortgages purchased by Fannie Mae and Freddie Mac.The lawmakers, led by Rep. Mike Flood (R-Neb.),