article thumbnail

Home Price Growth to Decelerate Over the Next 24 Months

Appraisal Buzz

Although a significant majority of experts expect the nationwide home value appreciation rate will diminish from recent levels, the panelists annual average projected price increase through 2029 is still well above expectations for economy-wide inflation, suggesting that they expect affordability problems to persist well beyond 2025, added Terry Loebs, (..)

Inventory 397
article thumbnail

Mr. Cooper to issue $750M in debt following M&A deal with Flagstar

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and pay 7.875% annually. Meanwhile, Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. that is payable semiannually. The senior notes are due on Aug.

Investors 482
Insiders

Sign Up for our Newsletter

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

article thumbnail

Redwood Trust to close $85M in debt offering

Housing Wire

Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. In addition, Pennymac issued new debt last year that will mature in December 2029 and pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Investing 420
article thumbnail

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.

Investing 431
article thumbnail

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 375
article thumbnail

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

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Mortgage 467
article thumbnail

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 448