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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

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
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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, 4,105 FirstCloseFirstclose.

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Understand home equity lending and how lenders can acquire home equity customers

Clear Capital

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. 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. What is home equity lending?

Lending 36