Housing Wire

MAY 20, 2024

California -based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030. They will only be sold to certain large investors, according to the announcement.

Law 382

Law Investors Buyers Business 382

Housing Wire

JANUARY 5, 2024

Since its founding in 2015, remote online notarization (RON) platform Proof , formerly known as Notarize , has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday. While the firm is pleased with this milestone, it has its sights set on California.

Law 398

Law Real Estate Insurance Sellers 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 272

Real Estate Brokerage Investors Buyers 272

Housing Wire

DECEMBER 22, 2023

. … Mortgage rates are high and one big reason … is the [agency MBS] investor base is impaired, and it’s not likely to be fixed soon.” I think a mortgage winter has frozen things hard and conditions are such that we can only expect a measurable improvement out past 2030.” trillion, down considerably from the $4.4

Mortgage 396

Mortgage Marketing Housing Market Buyers 396

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

APRIL 11, 2022

What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. “The higher rates could also discourage investor activity, which accounts for a large portion of home sales today.”

Construction 36

Construction Development Inventory Buyers 36