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

Retail 360
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Fitch downgrades — then upgrades — FOA issuer default rating

Housing Wire

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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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. The company was No.

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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. Whether you’re starting a home equity program or seeking to enhance your existing program, an automated valuation model (AVM) is a great tool to have in your belt.

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