Home prices are stabilizing, but 85% of markets are overvaluedHome prices in 85% of U.S. MSAs are currently overvalued, though the percentage has decreased slightly from the previous quarter.
Planet Financial Group raises $475M in unsecured debt offeringPlanet Financial Group successfully raised $475 million in senior unsecured notes to manage debt despite a decline in mortgage originations.
UWM to issue $500 in unsecured debtUWM Holdings Corp. is raising $500 million in debt through a private offering to refinance existing debt and for corporate purposes.
Planet Financial Group raises $475M in unsecured debt offeringPlanet Financial Group successfully raised $475 million in senior unsecured notes to manage debt despite a decline in mortgage originations.
UWM to issue $500 in unsecured debtUWM Holdings Corp. is raising $500 million in debt through a private offering to refinance existing debt and for corporate purposes.
Fitch Ratings says the 2025 mortgage sector outlook is improving'Fitch Ratings has predicted an improving outlook for the mortgage sector in 2025 due to expected lower rates and increased profitability.
Mortgage lenders will be more profitable in 2025, but there are headwinds, Fitch saysFitch expects lower mortgage rates will benefit nonbank lenders and increase origination volumes significantly by 2025.
LAX's long-promised rail link, the People Mover, likely delayed until late 2025Completion of the Automated People Mover project at LAX is delayed to late 2025.Ongoing disagreements between the airport and the contractor are causing delays in the project.