Invesco Mortgage Capital announced on Feb. 1 that it plans to make a public offering of 22 million shares of its common stock, while will granting the underwriters a 30-day option to purchase up to an additional 3.3 million shares of common stock. The company intends to use the net proceeds from this offering to purchase assets within its target asset classes.
Hometown Lenders announced on Feb. 2 that Bozeman, Montana’s The Wood Team has joined its ranks. Based in Huntsville, Alabama., Hometown now has more than 90 branch locations and is doing business in more than 40 states.
First American Financial Corporation announced on Feb. 3 the launch of a new metric for mortgage fraud, dubbed AppIntelligence (AI) Score. According to First American, AI Score is a “powerful new fraud pattern-recognition score that enables high-volume lenders and investors to more precisely identify the risk of fraud and early payment default on both new mortgage applications or a portfolio.”
CoreLogic on Feb. 4 announced that funds managed by Stone Point Capital and Insight Partners had entered into an agreement to acquire the company. Stone Point and Insight Partners will acquire all outstanding shares of CoreLogic for $80 per share, an equity value of some $6.0 billion.
Realogy on Feb. 4 announced today that, together with a co-issuer, it has completed a $300 million (originally $200 million before being upsized) private offering of 5.750% senior notes due 2029. The offering is the second from Realogy this quarter, following the issuance and completion of a $600 million offering in January. Realogy plans to use net proceeds from the offering to repay a portion of outstanding borrowings under its term loan B credit facility.
Guaranteed Rate announced on Feb. 5 that it has acquired Owning Corporation, a direct-to-consumer mortgage platform based in California. The move continues a proactive first quarter for Guaranteed Rate, building on its multichannel growth strategy and following up its acquisition of Stearns last month. Owning funded over $20 billion in total loan volume in 2020.
Guild Mortgage announced on Feb. 5 that it is opening a new branch in north Dallas, located at 17766 Preston Road, Suite 204. The move adds to the San Diego-based company’s roster of over 200 retail locations in 31 states, including more than 30 in Texas.
