Offices impacted are located in Chicago, Cincinnati and Kansas City, a company representative said Wednesday.

Both Keefe, Bruyette & Woods and BTIG believe the transaction — key to spinout of the mortgage business — will be completed despite the opposition of Sculptor founder Dan Och.

The founder of the company formerly known as Och-Ziff is threatening to oppose the transaction unless material changes are made to the agreement.

Loans to buy newly constructed properties increased by 0.2% from June and was up 35.5% compared to the year prior, the Mortgage Bankers Association found.

Former employees claim the company made staffers attend pre-shift meetings before permitting them to clock in, according to a suit filed in a U.S. District Court in Michigan.

Houses in the northeast and midwest got more expensive. In the South and the west, prices dwindled, according to the organization's Metropolitan Median Area Prices and Affordability report.

The business combination is anticipated to occur on or about August 22, and trade under the symbols BETR and BETRW.

A report by Black Knight shows still-increasing home prices, which is bad news for prospective buyers, but good news for existing homeowners, who are gaining equity.

The privately held company added a retail branch network and a $10 billion servicing portfolio — and is looking for more.

The delivery of immediate cash value to WMC stockholders was one of two points that solidified the deal.

While policymakers have warned lenders they will be on the lookout for potential fair lending violations, the lack of current rules means many companies are trying to determine best practices on their own.

The company, which recently divested in the forward mortgage business and sold off its title services unit, reported a $222.5 million loss.

The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.

The lender and servicer posted its highest pull-through weighted gain-on-sale margin in almost two years while recording modest production growth.

One in eight appraisal-related fees are covered by lenders, a survey conducted by Stratmor Group found.

The REIT issued its second securitization of the year in June, while also purchasing or locking $50 million in newly originated loans.

The Agency, a brokerage with a leading role in a Netflix show, names New American Funding their preferred mortgage provider, stripping that title away from CrossCountry Mortgage.

The number of loan officers sponsored by the company has dipped by more than half to 169 originators from June to July, per NMLS. More are said to be leaving.

Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.

The real estate investment trust declined to comment on its bid to buy Western Asset Mortgage Capital, a company that received a sweetened competing offer from Terra Property Trust last week.