Housing Wire
JUNE 26, 2024
The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026, while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029. This is the latest move undertaken by FOA to improve the financial posture of the company.
Housing Wire
SEPTEMBER 17, 2024
The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option to extend into 2027), or new bonds with a 10% interest rate that would come due in 2029.
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Housing Wire
JULY 3, 2024
In mid-June, an FOA filing with the SEC indicating that the company was preparing to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. It was not specified how many employees nor which specific divisions were impacted.
Housing Wire
JULY 10, 2024
The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026 (with an option to extend it to 2027 if the company elects to do so), while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029.
McKissock
NOVEMBER 19, 2021
The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. There are many opportunities for new real estate appraisers entering the profession today.
Clear Capital
APRIL 1, 2024
Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. Marketing-grade AVMs are typically public-facing, designed to pique the interest of potential borrowers, and are useful for sales lead generation.
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