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loanDepot concludes $500M debt extension

Housing Wire

Investors representing 96% of the old notes tendered and accepted the transaction. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. loanDepot estimates that the new notes will cost the company $525.6

Investing 448
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

And recent transactions show that there’s an appetite among investors for debt in the mortgage space. The fears that investors had as to how much damage this downturn would have on companies have abated.” Investors have an appetite In September, Freedom Mortgage raised $1.3 billion in about 24 hours.

Mortgage 459
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CBO report shows GSEs have better conditions to repay Treasury by recapitalizing

Housing Wire

The scenarios considered include the GSEs retaining profits for an initial period of three or five years before selling their common stock to investors in order to replace the Treasurys estimated $190 billion ownership stake.