Newrez laying off nearly 500 workers after Rithm acquisitions

Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading

Newrez returns to playbook, brings back 40-year fixed-rate mortgage

The nonbank mortgage lender says 40-year, interest-only loans will help borrowers and investors who have been priced out of today’s housing market. Continue reading