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Congress nears a housing deal and the investor fight is inside it

Congress is closing in on a major housing legislation moment. The bipartisan 21st Century ROAD to Housing Act, now moving from the Senate to House reconciliation after overwhelming procedural votes, stands as one of the most serious attempts in more than a generation to confront America’s housing affordability crisis. With the ballast of provisions aimed at…

PHH Mortgage is rebranding as Onity Mortgage

Onity Group Inc. announced this week that it plans to rebrand its PHH Mortgage Corp. subsidiary as Onity Mortgage Corp., effective March 23, extending the company’s multiyear shift from the legacy Ocwen and PHH brands. The company disclosed the planned name change in a statement, saying that PHH Mortgage will become Onity Mortgage and align…

What real estate agents need to know about the spring housing market

The housing market is entering Spring trapped in a whirlwind of economic signals. Labor market data, massive geopolitical tension affecting energy prices and persistent inflation concerns all shape outlooks for housing demand and mortgage rates. For real estate and mortgage professionals advising buyers and sellers, the challenge is interpreting those signals without overreacting to short-term…