Planet Financial Group, the parent company of Planet Home Lending, completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The company’s initial target for the offering was $400 million. The notes, which carry a 10.5% interest rate, are due in December…
"December 13, 2024" Archives
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Some housing professionals believe the market could normalize in 2025 after years of changes. Veterans United Home Loans — the nation’s largest producer of U.S. Department of Veterans Affairs (VA) loans — thinks that mortgage rates and home-price growth could subside, but affordability issues may persist. These conclusions come from the lender’s 2025 Housing Market…
The Republican steering committee in the U.S. House of Representatives has selected Rep. French Hill to chair the powerful House Financial Services Committee, which oversees the entirety of the U.S. financial services industry including the housing, insurance, securities and banking sectors. The committee routinely examines issues and proposed legislation relevant to these businesses, and it…
The Real Estate Standards Organization (RESO) is welcoming many new and returning board of director members in 2025. The organization announced its board of directors’ election results, as well as director and executive committee appointments in a release on Thursday. “It is a pivotal year for organized real estate, and our membership responded by voting for steady…