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Pennymac raises $750M in unsecured debt

Housing Wire

The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. Besides the new notes issued this week, the company has $650 million at 4.250% due in 2029 and $500 million at 5.750% with maturity in 2031. The debt being replaced has maturity in 2025 and a 5.357% interest rate. A total of $1.8

Investors 383
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Pennymac to issue $650M in unsecured debt

Housing Wire

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The company also has $650 million at 4.250% due in 2029 and $500 million at 5.750% due in 2031. In total, $1.8 million to Black Knight in damages related to a breach of contract claim.

Contracts 410
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Rithm Capital to issue $775M in unsecured debt

Housing Wire

On Monday, Rithm announced its plan to offer $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. Cooper Group , Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services , each of which have issued debt since September 2023.

Investing 421
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Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

Appraisal 195
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

to exchange $273 million of the 5.75% senior notes due 2029 and 5.25% senior notes due 2030 it holds for $218 million in new 7.0% In addition to streamlining measures, Anywhere also announced during the call that it has enter into an exchange agreement with funds managed by Angelo, Gordon & Co., second lien secured notes due 2030. “We

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Feds to allow construction of over 2,800 homes on surplus properties

Mortgagebroker News

The measure would put the government back on track to add 29,200 units by 2029

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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, The minimum revenues required are $100,000 for 2019 and $2 million for 2022. 186 spot on the Inc.

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