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

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 com

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 pe

September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 — up 20 basis points year over year, according to a CoreLogic report released this week. This is the fourth consecutive month