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Liberty Reverse parent Onity offers $500M in senior notes due in 2029

Housing Wire

Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The news of the note sale follows another recent development in which Onity reached a $55 million deal to acquire the assets of Mortgage Assets Management (MAM).

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FOA announces amendment and update for bond exchange offer

Housing Wire

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. In late July, FOA also posted an infomercial featuring Selleck to its YouTube channel.

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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

Bill Killmer, senior vice president for legislative and political affairs at the Mortgage Bankers Association (MBA), said that there appears to be some “widely shared” confusion about the mechanism of this assistance. Fairweather thinks that real estate and mortgage professionals should take notice of this proposal.