Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.


Freedom Mortgage to acquire RoundPoint Mortgage Servicing

Merger to create 7th largest U.S. servicer

Freedom Mortgage and RoundPoint Mortgage Servicing are planning to merge, the companies announced Friday.

The deal will make RoundPoint – which services and subservices about $91 billion in mostly agency loans – a wholly owned subsidiary of Freedom, a full-service, nonbank mortgage lender and servicer.

It will also boost Freedom’s portfolio of mortgage servicing rights to more than $300 billion, making it the seventh largest servicer in the U.S., the companies said.

The acquisition will provide Freedom with an active subservicing platform and broaden its origination network by folding in RoundPoint’s retail and correspondent origination channels.

RoundPoint CEO Kevin Brungardt said the deal will benefit RoundPoint by providing access to Freedom’s origination platform.

“This merger will create a much larger and stronger organization with significant synergies,” said Brungardt. “RoundPoint will benefit operationally in many ways, including having access to Freedom Mortgage’s substantial origination platform.”

“I am pleased to welcome RoundPoint’s highly successful and professional team to the Freedom family,” said Stan Middleman, CEO of Freedom Mortgage. “We very much appreciate the hard work by everyone involved in making this merger happen, and look forward to working together.”

The companies said Friday that they have entered into a merger agreement and the deal is expected to close in the third or fourth quarter of 2019, subject to regulatory approval.

Financial terms of the deal were not disclosed.

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