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The digital lender disclosed a prolonged low stock price could have forced it to redeem a $528 million convertible note from sponsor SoftBank.
April 10 -
The board has reduced some aspects of Rithm CEO Michael Nierenberg's pay, but also significantly raised the performance-based component.
March 20 -
The company, which has paired down its operations to concentrate on reverse mortgages, got a similar notice in December.
February 16 -
Other servicing gains helped Mr. Cooper profit despite negative mark-to-market valuations and cyberattack costs that led to lower consecutive-quarter results.
February 9 -
Chairman and CEO of Pennymac, David Spector, said the one-time cost will allow the company to retain ownership of a proprietary system that could build value for investors.
February 1 -
Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer.
January 30 -
The U.S. may be less rate-sensitive than other countries due to its long-term mortgages but could face tighter credit from hard-hit financial institutions.
December 29 -
The warning follows a period in which its stock traded below a certain threshold. The company can stay listed and plans to ask for time to regain compliance.
December 18 -
Short-term rates may fall but the Fed's quantitative tightening, which tends to pressure financing costs for most mortgages, persists. Here the net impact.
December 14 -
The company will appeal the New York Stock Exchange's determination that it hasn't demonstrated compliance with NYSE rules within an 18-month period.
December 5