Newrez posts best monthly mortgage volume since 2022, seals Wells Fargo deal
Multichannel mortgage lender Newrez continued to contribute positively to parent company Rithm Capital’s earnings in the third quarter of 2025, during which the company closed an agreement with Wells Fargo in the private-label securities (PLS) space. In the third quarter, Newrez posted pretax income
There’s no such thing as a Realtor tax: Here’s what they’re missing
Benjamin Franklin famously said that nothing in life is certain except death and taxes. When I saw a recent article by Robert Bork Jr. claiming that the affordability crisis is due to some sort of “Realtor® tax,” I stopped in my tracks. The only Realtor® tax I’m aware of is the 15% self-employment t
Weekly home sales look stronger than normal, but there’s a catch
We had a nice pop in our weekly pending home sales last week, and with mortgage rates near 2025 lows we could ask: Is housing breaking out? Not exactly. One of the themes I really stressed this year is that weekly data can be volatile around holiday weekends. So we always look at the two weeks of
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