Institutional investors warming up to home equity agreements
DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let owners cash out equity in exchange for a stake in their home
by Matt Carter Oct 6
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 $6B in HELOCs to roughly 85,000 households in 45 states
by Matt Carter Jul 12
Venture capital giants like Pylon's embeddable mortgage offering
$8.5M seed funding round led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global
by Matt Carter Dec 6
Lenders gearing up to help renters become homebuyers
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
by Matt Carter Jul 26
'Crypto mortgage' lets homebuyers leverage bitcoin as collateral
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship
by Matt Carter Jul 19
Sagent keeps lining up deals after starting year with a bang
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. The company has announced several similar deals in months past
by Matt Carter Apr 6
Mortgage tech startup attracts new backing to help smaller lenders
Maxwell's $16.3M Series B round is a first for The Mortgage Collaborative
by Matt Carter Mar 31
Mike Cagney, co-founder and CEO of Figure
Figure offers fast-close home equity lines of credit and an iBuyer alternative to reverse mortgages
by Teke Wiggin Aug 14
Mike Cagney, co-founder and CEO of Figure
The San Francisco-based company offers fast-close HELOCs, plus the option to sell a home and rent it back
by Teke Wiggin Mar 1
Mike Cagney, co-founder and CEO of Figure
Mike Cagney resigned from SoFi in 2017 due to sexual harassment allegations. Now he's back with a new startup, Figure, and a digital home equity loan product.
by Marian McPherson Oct 12