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Redwood Trust to close $85M in debt offering

Housing Wire

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. The offering can be increased by $12.75

Investing 421
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter. second lien secured notes due 2030. “We

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

Housing Wire

Rithm Capital, previously a real estate investment trust (REIT), has changed course to become an asset manager, which resulted in the acquisition of Sculptor Capital Management for $719.8 In the mortgage space , the firm struck a deal with Computershare Mortgage Services Inc. in June 2024. million in the prior quarter.

Investors 412
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Rithm Capital to issue $775M in unsecured debt

Housing Wire

Rithm Capital , a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. On Monday, Rithm announced its plan to offer $775 million in senior unsecured notes due in 2029 for qualified institutional buyers.

Investing 448
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. While negotiations are still in progress, as of June 3, debt holders representing 24.7%

Mortgage 469
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

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.

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

Clear Capital

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. What is home equity lending?

Lending 36