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The REIT also reveals plans to expand in the single-family rental market with a new brand and target of $5 billion in acquisitions over five years.
July 29 -
The company aims to use the additional capacity to get its non-qualified mortgage business back to producing $125 million per month, and anticipates more purchases of mortgage servicing rights, representatives said in its Q1 earnings call.
May 5 -
For a lot of IMBs facing shrinking backlogs and falling secondary market spreads, the attraction of hitting a bid and taking the easy way out via an acquisition may become irresistible, writes Chris Whalen.
April 27Whalen Global Advisors LLC -
The REIT is planning its own stock sale to pay for the all-cash purchase from Lone Star Funds.
April 14 -
But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call
February 9 -
The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold on the product offering in March.
January 25 -
Company CEO Michael Nierenberg previously commented the real estate investment trust's parts could be worth more than the whole.
November 20 -
The company had lower losses on its mortgage servicing rights investments compared with the second quarter.
October 26 -
Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.
October 20 -
The company lost $8.9 million in the second quarter, but its origination and servicing businesses were profitable.
July 22