Housing Wire
AUGUST 23, 2024
The proposed goals for 2025 through 2027 are designed to ensure that the GSEs purchase mortgages that “responsibly promote equitable access to affordable housing that reaches low- and moderate-income families, minority communities, and other underserved populations,” according to information released this week by the agency.
Housing Wire
JANUARY 16, 2025
The Fed recently slashed the Fed Funds rate for the third time this cycle while simultaneously announcing that inflation would not reach the goal of 2% until 2027. Treasury Inflation-Protected Securities are designed to repay principal and interest of a bond investment but are adjusted to CPI.
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Appraisal Buzz
JUNE 11, 2024
The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.
Housing Wire
SEPTEMBER 17, 2024
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.
Housing Wire
JULY 3, 2024
In mid-June, an FOA filing with the SEC indicating that the company was preparing to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. The company and noteholders agreed to “an exchange of any and all of the outstanding 2025 unsecured notes” into two new secured tranches.
Housing Wire
JULY 10, 2024
The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026 (with an option to extend it to 2027 if the company elects to do so), while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029.
Housing Wire
APRIL 26, 2022
trillion and is projected to exceed $32 trillion in value by 2027. Propy’s platform is supported by blockchain technology and designed to simplify the home-purchasing process and facilitate a complete blockchain-protected real estate deal online. Facebook is now approaching 3 billion users worldwide.
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