California is 2nd state to revoke LoanSnap’s license this month

Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May, according to Connecticut regulators who revoked the company’s license on Oct. 2. Continue reading

LoanSnap’s business dried up. Now regulators are after its licenses

Connecticut has entered into a consent decree revoking the fintech mortgage lender’s license, and LoanSnap has been put on notice by California regulators that they intend to do the same. Continue reading

There’s another rewards card aimed at homeowners: Mesa

Austin, Texas-based startup won’t have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company’s odds. Continue reading

Aven lands $142M in funding to take HELOC credit card nationwide

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading

Cool down debt, heat up investing with these tools of the trade

Trainer and author Bernice Ross talks with Tanisha Souza, CEO and president of Tardus, about financial freedom and how to get off the commission roller coaster ride. Continue reading

Freddie Mac will dip a $2.5B toe into the second mortgage market

Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business. Continue reading

Mortgage software provider Vesta powering Upstart’s HELOC launch

Since announcing a $30 million Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including integration with Willow Servicing. Continue reading

Splitero no longer accepting shared equity applications

In a separate announcement, San Diego-based fintech announces launch of new real estate brokerage, Splitero Homes, to help homeowners in four states “sell for the highest price.” Continue reading

Figure powering HELOCs for 4 more independent mortgage banks

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

Stricter rules eyed for controversial PACE energy improvement loans

PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Continue reading