Redwood Trust has priced a $125 million debt offering, with some of the proceeds going to fund its three mortgage banking platforms, the company said. Processing Content The 9.75% senior notes due 2031 will be traded on the New York Stock Exchange, if approved, starting 30 days after issuance. The deal is expected to close […]
Redwood Trust adds debt to fund growth in mortgage channels Read More »
WASHINGTON — Barney Frank, the former longtime Democratic congressman from Massachusetts who helped usher in the most consequential financial reform since the Great Depression, has died. He was 86. Processing Content Frank’s legendary career on Capitol Hill, representing large parts of the Boston suburbs for 32 years before retiring in 2012, was capped by his
Financial reformer and lawmaker Barney Frank dies at 86 Read More »
US mortgage rates increased last week to an almost two-month high, weighing on home purchase activity. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.56% in the week ended May 15, according to Mortgage Bankers Association data released Wednesday, just shy of the 6.57% reading at the end of
Mortgage rates rose last week to an almost two-month high Read More »