Pacaso plans to launch ‘bespoke’ co-ownership mortgage in Q4

A new $100 million credit facility with Texas Capital Bank will enable loans to be originated by a third-party, then securitized and sold to investors in non-qualified mortgages. Continue reading

Banks offer exposure to mortgage risk — and investors want in

The new bond products offer higher yields in a low-interest-rate environment. But if the loans go bad, investors are on the hook. Continue reading