Since 2012, every year we have heard that it’s about to be 2008 all over again for the housing market, as people try to get attention by implying home prices are going to crash like they did starting in 2007 and ending in 2011. However, the housing credit markets have changed in such a fashion…
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Rocket Mortgage has filed a lawsuit against United Wholesale Mortgage (UWM), claiming the rival intentionally breached contractual nonsolicitation obligations it owes to servicer Mr. Cooper Group. Rocket alleges that UWM is liable for nearly $100 million in damages for soliciting borrowers across 182,000 loans over the past 18 months, according to the lawsuit filed on…
RF Renovo Management Co. LLC, a nationwide lender to residential real estate investors, closed two senior secured corporate note transactions totaling $74.5 million, the company announced Thursday. The dual-tranche structure received investment-grade ratings from Egan-Jones and HR Ratings, according to the announcement. Brean Capital LLC served as Renovo’s exclusive financial adviser and sole placement agent….
In the decade since its founding, fintech company Flyhomes has witnessed a variety of events. From a global pandemic and record low interest rates to a historic increase in interest rates and the drying up of previously free-flowing venture capital funds, the Seattle-based company has navigated it all. “I think these last three years or…