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Redwood Trust to close $85M in debt offering

Housing Wire

Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments.

Investing 446
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Planet Financial Group raises $475M in unsecured debt offering 

Housing Wire

Planet Financial Group , the parent company of Planet Home Lending , completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. interest rate, are due in December 2029. The companys initial target for the offering was $400 million.

Retail 360
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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.

Finance 432
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. They must be U.S.-based, Other established names to make the Inc.