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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The offer is subject to market conditions and other factors.

Contracts 431
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

to exchange $273 million of the 5.75% senior notes due 2029 and 5.25% senior notes due 2030 it holds for $218 million in new 7.0% A hot topic on the call Thursday morning was the three class action lawsuits — Nosalek , Burnett , and Moehrl — related to buyer broker commissions that Anywhere and several rivals currently face.

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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. They must be U.S.-based, 186 spot on the Inc.

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How Kamala Harris’ $25K down payment assistance plan could work

Housing Wire

The current administration led by President Joe Biden initially proposed this amount only for 400,000 first-generation homebuyers, with a $10,000 tax credit planned for a wider swath of first-time buyers. It’s the market and buyers who set it,” she said. The housing market is being driven by a shortage of supply.