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.

Finance 417

Finance Retail Design Mortgage 417

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.

Finance 432

Finance Investors Business Mortgage 432

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. of the overall market based on the first six months of the year.

Retail 345

Retail Finance Design Mortgage 345

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.

Finance 448

Finance Mortgage Design Marketing 448

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. Unlike a fixed-rate loan, the interest rate of a HELOC fluctuates depending on the market rate. We can classify an AVM as either marketing-grade or lending-grade.

Lending 36

Lending Valuation Home Value Design 36