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Mr. Cooper to issue $750M in debt following M&A deal with Flagstar

Housing Wire

On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% The transaction will bring $356 billion in mortgage servicing rights, advances and subservicing contracts, along with 1.3 that is payable semiannually.

Investors 482
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Pennymac to issue $650M in unsecured debt

Housing Wire

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. In total, $1.8

Contracts 435