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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. For example, Freedom raised $1.3 times, lower than its target of 3.5

Contracts 435
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Rithm Capital to issue $775M in unsecured debt

Housing Wire

Rithm Capital , a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. On Monday, Rithm announced its plan to offer $775 million in senior unsecured notes due in 2029 for qualified institutional buyers.

Investing 448
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

In the mortgage space , the firm struck a deal with Computershare Mortgage Services Inc. Earlier this year, the company issued $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. million in November 2023 and a deal with Great Ajax Corp. in June 2024. million shares for 30 days.

Investors 432
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Rithm delivers $261M profit in Q1, continues to evaluate mortgage biz spinoff 

Housing Wire

Top executives at Rithm said they continue to evaluate taking the mortgage business public. According to Nierenberg, the company hedged most of the of its mortgage servicing rights (MSRs) risk in the first quarter, creating stability and book value on a forward basis. On Tuesday, Rithm announced a $261.6 million in pretax income.

Mortgage 468
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

To reach this goal, Schneider said the firm is integrating its brokerage and title operations, which the firm hopes will lead to higher attach rates in its mortgage and title operations. 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%

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The past year hasn’t been particularly good for tech or housing. The company was No.

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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. That program, however, was targeted to first-generation homebuyers.