article thumbnail

Fitch downgrades — then upgrades — FOA issuer default rating

Housing Wire

“Fitch believes FOA’s profitability should benefit from a reduction in interest rates, as this will likely drive higher mortgage origination volumes and improve the valuation of the company’s residual investments in its securitizations,” according to its announcement.

Valuation 270
article thumbnail

Planet Financial Group raises $475M in unsecured debt offering 

Housing Wire

interest rate, are due in December 2029. Fitch pointed to a relatively smaller scale compared to competitors, higher leverage, and the potential impact of valuation marks as rates decrease and prepayments increase. The companys initial target for the offering was $400 million. The notes, which carry a 10.5%

Retail 243
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Housing Wire

based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. Miami-based Marketwise Valuation Services , another AMC, was No. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, Source: Inc. Kairos was No.

article thumbnail

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.

Lending 36