Remove 2027 Remove Investors Remove Lending
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loanDepot concludes $500M debt extension

Housing Wire

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.

Investing 448
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Redwood Trust to close $85M in debt offering

Housing Wire

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. Other companies in the space have also recently issued or are about to issue debt.

Investing 441
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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

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.

Mortgage 251
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FOA announces amendment and update for bond exchange offer

Housing Wire

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.

Finance 427
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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. trillion and is projected to exceed $32 trillion in value by 2027. Oasis Pro Markets is a U.S.-regulated

Mortgage 476
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Ending the Fannie/Freddie conservatorships

Housing Wire

a September CHLA Roundtable, former FHFA Director Mark Calabria said that there is maybe a 70% chance this will be accomplished by 2027, adding that You can get them out. Banks have broadly retreated from portfolio mortgage lending since 2008 and the private label securitization (PLS) market for single family loans is moribund.

Insurance 536
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An open letter to President-Elect Trump: A market in crisis

Housing Wire

Respectfully, while I agree with the need for improvement in these areas, this strategy is akin to swallowing an aspirin in 2027 for a migraine you have today. Some stats: As recently as 2023, it is estimated that investors accounted for 27% of all single-family home purchases, up from the high teens in 2019. Neither are lenders.

Marketing 468