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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% ” Mortgage lenders and servicers have been active in the debt market of late. that is payable semiannually. The senior notes are due on Aug.

Investors 482
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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. Morgan Stanley ; Goldman Sachs ; RBC Capital Markets ; Wells Fargo Securities ; Keefe, Bruyette & Woods ; and Piper Sandler were the book-running managers for the offering. The offering can be increased by $12.75

Investing 421
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

million shares of common stock to investors in a public offering. The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale. But in after-market hours, when the offering became public, the stock fell more than 3%. million shares for 30 days.

Investors 412
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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The offer is subject to market conditions and other factors. In total, $1.8

Contracts 431
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

But they are making efforts; it is a very difficult market and they continue to cut costs and narrow their losses,” Kornfeld said. Between now and the end of 2027, I think most market participants expect conditions to improve.” Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually.

Mortgage 469
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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. The company also unveiled a series of new TV spots with former AAG spokesman Tom Selleck.

Finance 407
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

We remain in a tough part of the cycle,” Ryan Schneider, the CEO of Anywhere Real Estate, told investors and analysts on the firm’s second quarter earnings call Tuesday morning. Anywhere Advisors typically targets luxury markets.) We don’t the rule is necessary for the market to operate well,” Schneider said. “We million to 4.3