Chicago housing market normalizing after unprecedented volatility during the pandemic

Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. But people have returned to the Windy City and, lately, home prices have g

Rithm will publicly offer up to 34.5M shares of common stock

New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering. The company said underwriters will offer sha

Roemanu hires Charles Macintosh as COO

Roemanu, the holding company for Toorak Capital Partners and Merchants Mortgage, announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Macintosh will also join Roemanu’s executive committee and oversee multiple areas of the busin

DOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegations

The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co., aka Nutter Home Loans, to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Th