Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire.
Executives have decided to improve liquidity to fund their businesses and investments, targeting mortgage servicing rights (MSRs) deals. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.
With the equity market unattractive at this point, issuing debt is the ideal option to raise capital for public and private businesses. Companies are issuing mainly unsecured debt, which has no details ⇒
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