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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. Pennymac Financial Services said its notes, to be offered in a private placement to qualified institutional buyers, will be “fully and unconditionally guaranteed on an unsecured senior basis.”

Contracts 409
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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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Rithm delivers $261M profit in Q1, continues to evaluate mortgage biz spinoff 

Housing Wire

Regarding its debt, the company issued in March $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. Rithm had $2 billion of total cash and liquidity at the end of March. The company’s stock traded at $11.27 on Tuesday morning, down 0.44% after the earnings report.

Mortgage 439
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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% A hot topic on the call Thursday morning was the three class action lawsuits — Nosalek , Burnett , and Moehrl — related to buyer broker commissions that Anywhere and several rivals currently face.

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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. In our team approach someone is always available to show a home and we offer one stop shopping for every need a buyer or seller would have during the process. They must be U.S.-based, 186 spot on the Inc.

Brokerage 370
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How to Become a Property Appraiser

McKissock

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. As an appraiser, it’s your job to offer a written opinion of that value, which lenders, insurers, property owners and buyers, and divorce and estate attorneys use to do their jobs.

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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. 1,522 MIOYM 377% 2008 Real estate firm that identifies and rehabilitates distressed single-family residential properties, later selling them to first-time home buyers nationwide. They must be U.S.-based,