Housing Wire

DECEMBER 7, 2023

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. In September, Freedom Mortgage raised $1.3

Investors 355

Investors Mortgage Finance 355

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. For example, Freedom raised $1.3

Contracts 398

Contracts Investing Mortgage Investors 398

Housing Wire

JULY 25, 2023

We remain in a tough part of the cycle,” Ryan Schneider, the CEO of Anywhere Real Estate, told investors and analysts on the firm’s second quarter earnings call Tuesday morning. 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% million to 4.3

Real Estate 344

Real Estate Brokerage Investors Buyers 344

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370