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HousingWire Annual: loanDepot’s Frank Martell talks Vision 2025 ‘wiggle room,’ profitability

Housing Wire

To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year. So, the Vision 2025 was built to have a little bit of wiggle room to adjust it. Martel spoke during the HW Annual Conference held from Oct. 4-7 in Austin, Texas.

Investing 441
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FHA institutes new payment supplement partial claim

Housing Wire

Gordon also announced that the FHA is extending the current temporary waterfall into 2025. According to the mortgagee letter, the COVID-19 recovery options will be available through April 30, 2025. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

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Fannie Mae on Q4: Existing home sales will be lowest since 2010

Housing Wire

million in 2025. trillion in 2025. Economic growth forecast The group added a new economic forecast for 2025 to its November report. in 2025 and expects the unemployment rate to peak at 5.4% in the middle of 2025, with core inflation trending toward the Federal Reserve ‘s 2% target goal. million in 2023, 4.7

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Pending home sales surged in December: NAR

Housing Wire

According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. million and a 15.8% million units.

Contracts 468
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Fannie Mae updates HomeReady, provides temporary $2,500 credit

Housing Wire

28, 2025, and loans delivered into MBS with issue dates on or after Mar. Regarding the loan-level price adjustment credit, Fannie Mae wrote in a lender letter released on Wednesday that it will be effective for whole loans purchased “on or after Mar. 1, 2024, to Feb. 1, 2024, to Feb.

Insurance 488
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Pennymac raises $750M in unsecured debt

Housing Wire

Pennymac will use the proceeds of the offering to repay $650 million in debt due in October 2025. The debt being replaced has maturity in 2025 and a 5.357% interest rate. The remainder will be used for “other general corporate purposes,” the company said in an 8k filing with the Securities and Exchange Commission (SEC).

Investors 386
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Pennymac to issue $650M in unsecured debt

Housing Wire

Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024.

Contracts 417