[BREAKING] NewRez to acquire Caliber in $1.7B deal

The deal with Caliber strengthens NewRez's retail footprint and bulks up its servicing business.

NewRez to acquire Caliber in $1.7B deal   New Residential Investment Corp. has agreed to buy Caliber Home Loans from Lone Star Funds for $1.675 billion, 1X book value. Working with buyers in the nation's hottest housing market   Prices are up, supply is down. Here's how lenders and agents are working with buyers in Austin, Texas, the nation's hottest housing market. Ready for a Title Report Borrowers Actually Understand?   Give borrowers a title report that puts problems in real terms and offers concrete turn times for resolution so they always know where they stand. If you're ready for simplified reports and seamless service until you're clear to close, you're ready for Radian Ready.   I'm Ready! Sponsored by Radian Community lenders will thrive in 2021's purchase market   Powered by Maxwell and its digital mortgage platform, community lenders are poised to continue their growth path in 2021. Presented by Maxwell Nonbank lenders profited $4,200 per loan in 2020   According to the MBA, IMBs and mortgage subsidiaries averaged around $4,202 profit on each loan in 2020, compared to $1,470 per loan in 2019. You don't know it, but your clients are cheating on you If 70% of borrowers say they would return to their lender for a future loan, why do only 18% do so? This free white paper explores why borrowers shop around — and how lenders can increase borrower retention. Read the White Paper! Sponsored by Sales Boomerang Redfin: Selling your home? List it midweek   A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend. The purchase mortgage market is back on top   For the first time in 15 months, the share of purchase mortgage originations in March topped refinances, according to Black Knight. Recent GSE Guidelines Hindering Your Borrowers' Loan Options? Acra Lending, the Nation's leading Non-QM lender, can help meet your customer's needs with no limit on 2nd home and investment property loans. Don't let these new regulations hold your borrowers back. Diversify your portfolio. Contact us today! Sponsored by Acra Lending Mortgage applications continue to fall as inventory remains low   For the sixth straight week, mortgage applications declined. They were down 3.7%, per the latest report from the Mortgage Bankers Association. Title insurers wrote nearly $20 billion in premiums in 2020   Title insurers wrote $19.2 billion in premiums last year, but a recent report from ALTA predicts a slowdown in 2021 due to low inventory. The Next LO Tech To Disrupt Our Mortgage Industry Rick Soukoulis has been disrupting the mortgage industry with tech innovations since the early 90's, and he is at it again with the ReadyPrice, a platform creating a virtual lending community between brokers and lenders in the wholesale channel. Read all about it in his latest interview here. Sponsored by ReadyPrice Best of the rest Ready to buy a home? The trick is finding or affording one [AP News] How Biden hopes to fix the thorniest problem in housing [Politico] Broker fee ban an "error," court rules [The Real Deal] HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences