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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year. “To

Tenants 448
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Home Price Growth to Decelerate Over the Next 24 Months

Appraisal Buzz

for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI). On a quarterly basis, Fannie Mae plans to publish the latest panelist-level expectations, as well as a special topic report that includes respondent feedback on topical questions designed to help inform the broader housing industry. in 2025 and 3.6% for 2024, 3.1%

Inventory 394
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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We

Mortgage 448
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FOA rating downgraded by Fitch following debt exchange plan

Housing Wire

Fitch believes the debt exchange offer will reduce refinancing risk and medium-term liquidity needs by extending near-term maturities to 2026,” the agency said. The agency added, however, that the agreement would likely improve FOA’s “financial and operating flexibility.”

Finance 448
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Finance of America announces debt restructuring, staving off 2025 maturity risk

Housing Wire

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026, while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029. This is the latest move undertaken by FOA to improve the financial posture of the company.

Finance 415
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Mr. Cooper moves closer to $1 trillion MSR portfolio target

Housing Wire

Mr. Cooper is paying $324 million in cash and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. “The Our asset management strategy is designed to make these yields available to institutional investors while continuing to grow our customer base and operational scale,” Marshall said.

Investors 370
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FOA announces amendment and update for bond exchange offer

Housing Wire

The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option to extend into 2027), or new bonds with a 10% interest rate that would come due in 2029.

Finance 429