Robert Levine recently closed on the sale of his four-bedroom three-bathroom home in Cooper City, FL, for $954,800. But instead of thanking a real estate agent, he thanked ChatGPT. Levine says the... Read more »
Adjusted EBITDA totaled $143 million, a 138% increase from 202. This was a reflection of improved earnings quality and the benefits of scale across the company’s platform, CEO Graham Fleming said during... Read more »
Dan Perotti, PennyMac’s chief financial officer, said during the company’s earnings call that the net income results included $1 million of fair value gains on mortgage servicing rights (MSRs), the net of... Read more »
After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter... Read more »
Some mall owners might struggle with retail tenants filing for bankruptcy, exiting spaces and refinancing debt. But, apparently not Macerich. Macerich reeled in $62.2 million in net income during the last three... Read more »
New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. In the mortgage space, the parent of multichannel lender Newrez... Read more »
SAN FRANCISCO (KPIX 5) — A growing number of timeshare owners looking to get rid of their vacation properties are being warn to watch out for some companies that promise to help.... Read more »
If you own a property that you rent out to tenants, you may wonder if you have to report the rental income to the IRS, especially if you are not making any... Read more »
It’s a question that’s been on the minds of many prospective home buyers: How long will it take to make a profit on your home purchase? The answer, according to Zillow, might... Read more »
Regarding acquiring Specialized Loan Servicing for a purchase price of approximately $720 million, Nierenberg added that it “helps grow our third-party servicing business and reinforces our position as one of the leading... Read more »