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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas.

Investing 409
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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

In concert with this renewed branding, the company said it has committed to “extending $20 billion in new mortgages to Black homebuyers by the year 2028.” Originally launched in 2016, the initiative was designed to educate and recruit loan officers to better understand the existing barriers to Black homeownership.

Design 421
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loanDepot concludes $500M debt extension

Housing Wire

million in aggregate principal of 2028 senior notes held by Artemis Management LLC. This includes $340.6 million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6

Investing 246
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New American Funding Launches NAF Black Impact

Appraisal Buzz

To this end, NAF has committed to extending $20 billion in new mortgages to Black homebuyers by the year 2028. “We Through NAF Black Impact, NAF will help to foster opportunities for Black families and break down barriers to homeownership.

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ICE Mortgage Technology’s Encompass to offer investment advisory advice for clients

Housing Wire

Executives expect net revenue synergies of up to $125 million by 2028 largely through cross-sell opportunities. ICE identified north of $300 million worth of opportunities for the company to go after which includes cross-selling data and document automation platform to the entire Black Knight’s mortgage servicing system.

Clients 431
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

million in aggregate principal of 2028 senior notes held by Artemis Management LLC. The new notes are guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6

Mortgage 465
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

The company issued two tranches: the first tranche, of $800 million, is due in October 2028 with a 12% coupon, and the second tranche, of $500 million, is due in October 2030 with a 12.25% coupon. 18 that it priced an underwritten public offering of $50 million of its 8.50% senior notes due 2028.

Mortgage 431