Housing Wire
SEPTEMBER 10, 2024
Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No.
Housing Wire
NOVEMBER 4, 2024
Rocket told investors in September that by 2027 it aims to double its current market share in purchase mortgages to 8% from the current 4%, and its refinance share to 20% from 12%. By channel, Rocket reported $13 billion in closed loans in the second quarter via its direct-to-consumer channel and $11.3 billion through its TPO channel.
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Housing Wire
JUNE 11, 2024
Between now and the end of 2027, I think most market participants expect conditions to improve.” By comparison, Mr. Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. due in 2025 for newly senior secured notes due on Nov.
Housing Wire
JUNE 20, 2024
A loanDepot subsidiary, LD Holdings Group LLC, will exchange its outstanding senior notes due in 2025, paying 6.5%, for senior secured notes due in 2027, paying 8.75%, according to an 8-K filing sent Thursday to the Securities and Exchange Commission (SEC). Investors representing 96% of the old notes tendered and accepted the transaction.
Housing Wire
JUNE 18, 2024
It can also repay indebtedness, such as a subsidiary’s 5.75% exchangeable senior notes due in 2025 and Redwood’s 7.75% convertible senior notes due in 2027. Mr. Cooper issued senior notes to qualified investors in January that will mature in 2032 and bear interest at 7.125% per year. loanDepot plans to extend its $497.8
Housing Wire
MARCH 20, 2025
After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. In the presentation to investors , Rocket claimed that with a simple process where the buyer only needs to interact with Rocket and Redfin, total client costs could decrease by 50% to $20,000.
Housing Wire
SEPTEMBER 17, 2024
Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.
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