Company Overview - Guaranteed Rate Affinity is a leading mortgage provider formed as a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services, owning 50.1% and 49.9% stakes respectively [4][6] - The company has funded over $100 billion in loans since its inception in 2017 [4] Leadership Change - Jay Crowder has been promoted to Divisional Manager for the East Region, having previously served as Regional President [1][2] - Crowder brings over 30 years of experience in the mortgage industry, with a strong background in joint venture partnerships [1][3] Strategic Focus - In his new role, Crowder will focus on scaling production, expanding the sales force, and attracting top loan officers [2][3] - The emphasis will be on enhancing team performance and fostering a culture of excellence and client-first service [2][3] Company Culture and Values - Crowder is recognized for his commitment to recruiting high-performing teams and driving production growth [3][4] - The company aims to empower its employees and deepen partnerships to deliver exceptional results for clients [3] Services Offered - Guaranteed Rate Affinity provides fast pre-approvals, appraisals, and loan closings to brokers and the public, enhancing the home purchasing experience [5] - The company also assists employers in improving their employees' relocation experiences through competitive rates and customer service [5]

Mortgage rates in the US held steady after four weeks of declines. The average for 30-year, fixed loans was 6.58%, unchanged from last week https://t.co/uHGfMx6jNl ...

MEDIA CONTACT: Angela Waugaman (703)714-0644 Angela_Waugaman@FreddieMac.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a6131666-c5a7-4f22-94d7-3a4590d5bf0c U.S. weekly average mortgage MCLEAN, Va., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.58%. "The 30-year fixed-rate mortgage remained flat this wee ...

Core Insights - Rocket Companies, Inc. aims to become a comprehensive solution for home buying, integrating services such as house searching through Redfin, mortgage provision from Rocket, and payment management by Mr. Cooper [1] Company Overview - Rocket Companies is focusing on small- to mid-cap companies for research, while also occasionally analyzing large-cap companies to provide a broader market perspective [1]

Core Viewpoint - Rocket Companies, Inc. is conducting tender offers and consent solicitations for the outstanding senior notes of Nationstar Mortgage Holdings Inc. as part of its acquisition of Mr. Cooper Group Inc. [1][10] Tender Offers and Consent Solicitations - The early tender results indicate that as of the Early Tender Deadline, a total of $574.125 million (88.33%) of the 5.125% Senior Notes due 2030 and $534.765 million (89.13%) of the 5.750% Senior Notes due 2031 were validly tendered [2][3]. - The Tender Offers and Consent Solicitations will expire on September 2, 2025, unless extended or terminated earlier [6][8]. Proposed Amendments - The company received the requisite consents to execute supplemental indentures that eliminate the requirement for a "Change of Control" offer, substantially reduce restrictive covenants, and remove certain conditions related to legal defeasance [4][5]. Financial Considerations - Holders of the Early Tender Notes will receive a total tender offer consideration of $1,012.50 per $1,000 principal amount, which includes an early tender payment of $50.00 [3][9]. - Notes tendered after the Early Tender Deadline will receive a lower consideration, excluding the early tender payment [9]. Acquisition Context - The consummation of the Tender Offers and Consent Solicitations is contingent upon the successful completion of the acquisition of Mr. Cooper, as outlined in the Merger Agreement dated March 31, 2025 [10].

Core Viewpoint - Rocket Companies, Inc. is conducting exchange offers and consent solicitations for existing senior notes as part of its acquisition of Mr. Cooper Group Inc. [1] Summary by Sections Exchange Offers and Consent Solicitations - The company announced early results for the exchange offers for $750 million of 6.500% Senior Notes due 2029 and $1 billion of 7.125% Senior Notes due 2032, totaling $1.75 billion in new senior notes [1] - The exchange offers and consent solicitations are linked to the pending acquisition of Mr. Cooper [1] Tender Results - As of the Early Tender Date, $738.34 million (98.45%) of the 2029 Notes and $954.21 million (95.42%) of the 2032 Notes were validly tendered [3][2] Consent and Amendments - Majority Noteholder Consents were received, allowing Nationstar to execute supplemental indentures that eliminate certain covenants and events of default [5][7] - Proposed amendments will not take effect until the company accepts the validly tendered existing notes [8] Timeline and Conditions - The exchange offers will expire on September 2, 2025, unless extended [9] - The settlement date is expected to occur shortly after the expiration date, coinciding with the acquisition's consummation [9] New Rocket Notes - New Rocket Notes will have the same interest rate and maturity date as the existing notes, with interest accruing from the last paid date on the existing notes [12][11] - Eligible holders who tender their existing notes will receive $1,000 principal amount of New Rocket Notes plus cash for any fractional amounts [10] Offering Memorandum - The terms and conditions of the exchange offers are detailed in an Offering Memorandum and Consent Solicitation Statement dated August 4, 2025 [13]

Group 1: IPO Interest and Wall Street Engagement - Several Wall Street banks, including Bank of America, Citigroup, JPMorgan, and Goldman Sachs, are actively seeking to handle the IPOs of Fannie Mae and Freddie Mac, indicating strong interest in this potential business opportunity [1][2] - The initial sale of the government's stake in Fannie Mae and Freddie Mac is projected to exceed $30 billion, comparable to the IPO of Saudi Aramco, which raised over $29 billion [5] Group 2: Government's Focus and Market Impact - The U.S. administration is primarily focused on maximizing returns on investments in Fannie Mae and Freddie Mac rather than raising capital for the entities [5] - Treasury Secretary Scott Bessent emphasized the importance of addressing the housing affordability crisis while also maximizing value for U.S. taxpayers through the potential IPOs [9][8] Group 3: Role of Fannie Mae and Freddie Mac - Fannie Mae and Freddie Mac are government-sponsored enterprises that provide liquidity to lenders and guarantee a significant portion of U.S. mortgages, supporting approximately 70% of the mortgage market [12][13] - These entities were placed into conservatorship during the 2007-08 financial crisis, leading to a federal bailout of $191 billion, but have since returned to profitability, paying over $301 billion in dividends to the Treasury as of July 2020 [14][16]

The benefits of returning Fannie Mae and Freddie Mac—two organisations that provide liquidity to the American mortgage market—to private hands are far from certain, and doing so will create a group of losers https://t.co/qO7jHWDAmC ...

Mortgage rates in the US fell for a fourth straight week, reaching the lowest point since October https://t.co/Qhd2Xc08m2 ...

Meanwhile, mortgage rates are on the move. Diana Ol has the details there. Diana.>> Well, John, rates continue to fall. The average on the 30-year fix dropped a little more today to 6.53%. That's the lowest since October.It had been holding in a very narrow range over the past several months, but appears to be pushing lower for now. Anyway, that is driving refinance demand. Those applications jumped 23% last week compared with the previous week.According to the Mortgage Bankers Association, that's the stron ...