Housing Wire

SEPTEMBER 17, 2024

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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Finance Investors Business Mortgage 432

Housing Wire

NOVEMBER 5, 2024

FOA’s ratings remain supported by its established market position within the reverse mortgage sector and experienced senior management team.” But FOA, the reverse mortgage industry’s leading lender, still maintains a “weak liquidity profile” that constrains its ratings, Fitch added.

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Valuation Finance Mortgage Investing 368

Housing Wire

DECEMBER 13, 2024

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. billion in mortgages between January and September, marking a 33.7%

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Housing Wire

JULY 3, 2024

A corporate executive with FOA explained to HousingWire ’s Reverse Mortgage Daily (RMD) that this is not expected to impact the company’s operations in a tangible way, nor is it expected to impede the progress of the other measures FOA is taking to shore up its class A common share stock price.

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Retail Finance Design Mortgage 345

Housing Wire

JULY 10, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025.

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Finance Mortgage Design Marketing 448

Housing Wire

JULY 25, 2023

Anywhere Advisors typically targets luxury markets.) To reach this goal, Schneider said the firm is integrating its brokerage and title operations, which the firm hopes will lead to higher attach rates in its mortgage and title operations. We don’t the rule is necessary for the market to operate well,” Schneider said. “We

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Real Estate Brokerage Investors Buyers 369

Housing Wire

AUGUST 21, 2023

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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Real Estate Real Estate Agent Technology Investors 370

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. As home prices appreciate and homeowners make mortgage payments over time, the share of the home that they own grows — this is home equity.

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Housing Wire

OCTOBER 29, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) announced this week that nearly all of the holders of outstanding senior notes that were set to mature in 2025 will participate in a new bond exchange offer that was first announced in June and amended last month. 29, at 5 p.m.

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Finance Mortgage Business Marketing 475

Housing Wire

AUGUST 22, 2024

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. It’s the market and buyers who set it,” she said. “And The housing market is being driven by a shortage of supply.

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Construction Sellers Buyers Real Estate 518