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Onity Group raises $200M in debt, reports strong estimated Q4 earnings

Debt, Earnings, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with […]

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Onity targets $150M debt raise via PHH subsidiaries

Debt, HWmember, Liberty Reverse Mortgage, Mortgage, Onity Group, PHH Mortgage Corp, Reverse /

Onity Group — the parent company of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage — plans to raise $150 million through a debt offering to qualified investors via two of its subsidiaries, the company announced Monday. PHH Corp. and PHH Escrow Issuer LLC are offering senior notes due in 2029 at an interest

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The debt crisis among younger Americans: How it is shaping homeownership — and what lenders can do

Contributors, Debt, Homeownership, HWmember, Mortgage, Opinion /

The median first-time homebuyer in the U.S. in 40 years old, which is a record high. One of the main reasons is that Millennials typically delay ownership by about 7 years, and Gen Z only have a 26% homeownership rate by their late 20s, far behind previous generations.A growing financial strain These younger Americans are

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Banks are losing share in rapidly growing HELOC market

Consumer banking, Consumer lending, Debt, Home equity loans /

Key insight: Consumers’ use of home equity lines of credit is rapidly growing, as homeowners look to tap into the value of their houses, but banks are losing market share. Supporting data: Banks hold just under two-thirds of total HELOC debt, compared with the more than 80% they held some 15 years ago. Forward look:

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Former economic leaders Cohn and Summers warn on U.S. fiscal path

Debt, Federal Reserve, Government Lending, GSEs, Housing Market, HWmember, Mortgage, Mortgage Bankers Association, Politics, White House /

Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited

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Beeline expects to achieve cash flow positive status by Q1 2026

Artificial Intelligence, Debt, Earnings, Home Equity, HWmember, Lenders, LendingLife, Mortgage, Origination /

Digital mortgage platform Beeline Holdings announced Monday that it has paid off more than $7 million in debt and is positioning itself to become cash flow positive by the first quarter of 2026. The company’s announcement also explained that all secured credit facilities, including senior debentures, were fully repaid as of Sept. 3, 2025. Only

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Rocket pushes back debt exchange deadline amid Mr. Cooper deal

Debt, HWmember, Investors, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper Group, Origination, Rocket Companies /

Rocket Companies has extended the deadline for investors to exchange debt issued by a Mr. Cooper Group subsidiary for the lender’s own paper — a step tied to its $9.4 billion acquisition of the competitor. The deadline moved from Sept. 2 to Sept. 30, still leaving enough time for the deal to close in the

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Navigating consumer debt reduction solutions: Opportunities for real estate, mortgage, and fintech sectors

Contributors, Debt, HWmember, Mortgage, Opinion, Real Estate, Technology /

As consumer debt surpasses $18 trillion in early 2025, the need for effective and ethical consumer debt reduction solutions has never been more urgent. Both nonprofit and for-profit models offer pathways to financial recovery, but they’re just part of a broader landscape. For real estate agents, mortgage lenders, brokers, and fintech innovators, understanding the full spectrum of

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Rent collections improve slightly, but late payments signal strain

Affordability, Data & Visuals, Debt, Housing Market, HWmember, Multifamily, Multifamily Housing, Rent Prices, Rental Properties, Renters, Single-Family Rentals /

On-time rent payments improved in August 2025, offering a rare positive note in a year marked by declining performance, according to new data from Chandan Economics. Preliminary estimates for August show that 83.2% of tenants at independently operated units paid their rent on time — up 34 basis points (bps) from July. July’s figure was

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TransUnion: Mortgage, home equity lending grow despite high rates

Affordability, Debt, Home Equity, HWmember, Mortgage, Mortgage Rates, Refinancing, TransUnion /

Mortgage originations and home equity lending both increased in the second quarter despite elevated interest rates and home prices, according to TransUnion’s Q2 2025 Credit Industry Insights Report. Originations rose 5.1% year over year, driven largely by a rebound in refinancing. Rate-and-term refinances climbed 44% and cash-out refinances increased 15%. Home equity originations posted their

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