Did this mom of 3 murder her husband to support her real estate habit? A Kouri Richins FAQ

As real estate pro Kouri Richins goes on trial for the murder of her husband, learn more about the wheeling and dealing that may lie behind the motive. Continue reading

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

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

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

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

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

Shared equity platform Point enters Nevada, Ohio as part of larger plan

Homeowners in 18 states and Washington, D.C. can tap up to $500,000 in home equity by selling a share of their future home price appreciation to investors. Continue reading

Hometap raises $60M to bankroll growth of its home equity business

The growing business allows homeowners to access their home equity as their property values rise — without taking on more debt. Continue reading

Mortgage lenders deal more purchase loans amid fewer refis

The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading