NewRez and First Team Real Estate to form a new Joint Venture, Homeowners First Mortgage.

NewRez and First Team Real Estate, two mortgage lenders, have agreed to form a new joint venture, Homeowners First Mortgage. Financial terms were not disclosed. "First Team has clearly distinguished itself as the ideal resource for homebuyers in Southern California, with the experience and innovative approach to making buyers' dreams a reality," Randy VandenHouten, NewRez SVP, Joint Venture & Retail Lending.