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Mortgage

Prospect Holding Co. completes $150 million bond offering

Prospect Holding Co., the parent of Prospect Mortgage, has issued a $150 million bond offering of five-year senior notes.

"This bond offering will provide capital to fuel our continued Strategic Growth and allow us to invest in three critical areas of our business: increasing purchase-loan market share through our retail model, expanding our correspondent lending volume and significantly enhancing our loan servicing platform and capabilities," said Prospect CEO Ron Bergum. 

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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