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PHH Mortgage's new name comes after a recent sale of reverse lending assets and also arrives less than two years after Onity Group itself rebranded.

Jan Lynn Owen last served as the first commissioner of the California Department of Financial Protection and Innovation, or DFPI, from 2013 to 2019. Prior to that, she held the commissioner role in California for over 15 years at the Department of Corporations, Department of Financial Institutions and the Department of Business Oversight.

Contract closings increased 1.7% to a 4.09 million annualized rate, according to National Association of Realtors data released Tuesday.

The offering marks a fresh attempt by Ackman to bring his long-term investment strategy to a broader base of investors, with a vision inspired by Warren Buffett's Berkshire Hathaway Inc.

The 30-year fixed-rate mortgage fell below 6% at the end of last month for the first time since 2022, bringing purchase borrowers back to the market.

Mortgage servicing rights are one of the most notoriously volatile assets in financial markets. The Federal Reserve's plan to loosen their capital treatment could foretell major problems in the future.

Surveyed employees at top mortgage companies say pay is solid: 83% feel fairly compensated, with bonuses, benefits, and flexible options helping recognize hard work.

Former CEO Michael Strauss, who's left a wake of debts in New York, has no assets of value for plaintiffs to recover even if they secured default judgment.

In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found.