Housing Wire
OCTOBER 24, 2024
Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The news of the note sale follows another recent development in which Onity reached a $55 million deal to acquire the assets of Mortgage Assets Management (MAM).
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.
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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.
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
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. million to Black Knight in damages related to a breach of contract claim.
Housing Wire
DECEMBER 7, 2023
The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. Other mortgage companies also faced high demand for debt issued this year. Other mortgage companies also faced high demand for debt issued this year. In September, Freedom Mortgage raised $1.3 A total of $1.8
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. On Tuesday, Rithm announced a $261.6 million in pretax income.
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