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Keller Williams adds four new faces to executive team

Housing Wire

Gibson has more than 20 years of experience as a real estate business leader and trainer and he serves as operating principal across six KW market centers. Additionally, the firm appointed Cynthia Lee as the president of KW Commercial and Alicia Shepherd as the vice president of KW Commercial.

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Finance of America announces debt restructuring, staving off 2025 maturity risk

Housing Wire

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026, while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029. FOA is optimistic about the ultimate results the move will have, according to its announcement.

Finance 382
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FOA announces amendment and update for bond exchange offer

Housing Wire

FOA also advised that any investors who participate could receive “a cash fee equal to 0.25% of the aggregate principal amount of outstanding 2025 unsecured notes that are exchanged,” according to the announcement. Anyone with potential interest in the agreement must signal their intent to participate by 5 p.m.

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NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment

Housing Wire

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 billion goodwill impairment. billion, according to the KBW analysts.

Equity 391
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Hurricane Helene has exposed $96B in RMBS loans to delinquency

Housing Wire

According to the BofA report, there are 833,268 mortgages originated in the affected regions and securitized into residential mortgage-backed securities (RMBS), totaling $96 billion in unpaid principal balance (UPB). billion, a total that includes residential and commercial properties. billion to $47.5

Loans 365
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Pennymac shakes up tech leadership

Housing Wire

The California-based lender and servicer promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. It produced $99 billion in unpaid principal balance (UPB) in 2023. Founded in 2008, Pennymac employs about 3,900 people nationwide.

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Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.