Miami seeks new debt package to finance affordable housing: Bloomberg

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 bill
Read MoreRithm Capital to issue $775M in unsecured debt

Rithm Capital, a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. Rithm is joining a list that includes competitors Mr. Cooper Group, Freedom Mortgage, PennyMac Mortgage Investment Tru
Read MoreWhat are the pros and cons of smart home tech for seniors?

Smart home technology — often in the form of a voice-activated virtual assistant that can automate devices in the home — can be a tool to facilitate aging in place. Experts on the topic of aging, and specific programs that provide this technology to seniors, have illustrated the potential, but the m
Read MoreFirst-time homebuyers made up a record share of agency purchase loans in 2023

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time h
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