2029 Marketing Mortgage 
Housing Wire
JULY 30, 2024
Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank ‘s servicing assets. that is payable semiannually. that is payable semiannually.
Housing Wire
JUNE 18, 2024
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. .”
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Housing Wire
DECEMBER 6, 2023
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.
Housing Wire
SEPTEMBER 24, 2024
The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale. At current market prices, the offering would bring the company about $395 million, without consideration of the expenses of the public offering. in June 2024. million shares for 30 days.
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.
Housing Wire
APRIL 30, 2024
Top executives at Rithm said they continue to evaluate taking the mortgage business public. According to Nierenberg, the company hedged most of the of its mortgage servicing rights (MSRs) risk in the first quarter, creating stability and book value on a forward basis. Rithm’s MSRs mark to market contributed $194.5
Housing Wire
JUNE 11, 2024
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.
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