The U.S. Supreme Court has declined to hear an appeal by New York-based Emigrant Bank and Emigrant Mortgage Company, leaving in place a $722,000 jury award to eight homeowners who alleged they were targeted with discriminatory and predatory mortgage loans. The court declined to grant certiorari, leaving the lower court’s ruling intact and ending a…
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With the acquisition, all companies will remain independent when it comes to operations, and will retain their current leadership. Humaniz and Reside will also continue to be available to teams at any brokerage in the industry.
Rithm Capital Corp. reported its fourth-quarter and full-year 2025 results, driven by higher earnings at its mortgage origination and servicing subsidiary, Newrez, and steady performance across its mortgage-related businesses. Rithm executives said during Tuesday morning’s earnings call that 2025 was a strong year for the company, anchored by growth in mortgage origination and servicing at…
Longbridge Financial, one of the nation’s top reverse mortgage lenders, announced Tuesday that it has deployed artificial intelligence (AI)-powered voice agents to aid its servicing clients. The AI voice agents — dubbed Mr. and Mrs. Bridges — were developed over the past several months by an outside technology partner. They are “trained specifically on reverse…