DBRS Morningstar’s rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home. Continue reading
As it continues to sign private label partners for its blockchain-powered loans, Figure says it’s provided more than $6 billion in HELOCs to roughly 85,000 households. Continue reading
An $8.5 million seed funding round was led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global. Continue reading
New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories. Continue reading
30-year loans of up to $5 million provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don’t require down payments, credit scores or U.S. citizenship. Continue reading
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. Continue reading
Maxwell’s $16.3M Series B round is a first for The Mortgage Collaborative. Continue reading
Figure offers fast-close home equity lines of credit and an iBuyer alternative to reverse mortgages. Continue reading
Figure, a startup that doubles as a home equity line of credit lender, has raised $65 million in equity funding, the company announced Wednesday. Continue reading
Disgraced former SoFi CEO Mike Cagney is back with a new venture, just over a year after resigning from the company he helped found over sexual harassment allegations. Continue reading