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…
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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…
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…
President-elect Donald Trump’s transition team is reportedly considering sweeping structural changes to bank watchdogs, which have the potential to impact the mortgage market. Analysts anticipated a shift toward a more lenient regulatory environment for the financial sector under the new Trump administration, but recent discussions suggest even more drastic measures are on the table. The…