Tag Archives: HELOC

SoFi debuts digital HELOC offering and new advisory council

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The fintech company aims to make HELOCs easier to access. Meanwhile, the advisory council is designed to solicit input from industry leaders. Continue reading →

Better Mortgage seizes the day on Wall Street with $75M raise

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The goal is to maximize two new partnerships and quadruple Better’s monthly mortgage originations to $2 billion. The raise follows a bullish endorsement by activist Opendoor investor Eric Jackson. Continue reading →

HELOC disruptor Figure boasts $7B market cap after successful IPO

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The blockchain-powered home equity lender says it has not only revolutionized the process of originating mortgages, but financing them by making it easy for investors to trade them as assets. Continue reading →

Better’s losses shrink as AI boosts 2024 loan volume, revenue

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CEO Vishal Garg is optimistic about the future after cutting annual net loss by 61 percent, to $206 million, and growing loan production by 19 percent and revenue by 50 percent. Continue reading →

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

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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

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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

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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

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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

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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

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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 →