Mortgage software provider Vesta powering Upstart's HELOC launch
Since announcing a $30M Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including Willow Servicing, a cloud-based mortgage servicing platform
by Matt Carter Nov 2
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 4 states 'sell for the highest price'
by Matt Carter Oct 3
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
Stricter rules eyed for controversial PACE energy improvement loans
Property Assessed Clean Energy (PACE) loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say
by Matt Carter May 2
Point's Eddie Lim on the 'vintage' days ahead for proptech investors
Investors are eying 2023 and 2024 as prime opportunities amid a market still finding its footing, Point co-founder Eddie Lim told Intel in an exclusive interview
by Daniel Houston Feb 22
New American Funding referring homeowners to EasyKnock
Independent mortgage lender is now sending homeowners who are interested in converting their home equity into cash over to EasyKnock to explore a sale-leaseback
by Matt Carter Jan 24
Splitero's $11.7M Series A takes aims at HELOC market
San Diego-based Splitero has secured more than $1B in total financing to back its model, which offers cash payments, or Home Equity Investments (HEI), to homeowners
by Craig C. Rowe Jan 17
LoanDepot accelerating layoffs, exiting wholesale business
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call
by Matt Carter Aug 15
Rocket rolls out home equity loans for debt consolidation
A new product for paying off high-interest credit card debt will be offered to millions of users of Rocket's personal finance app, Truebill
by Matt Carter Aug 1
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
by Matt Carter Jul 14
The cheapest way for clients to tap into new home equity
Opinion
There are many ways to access your home equity, but they're not all the same. Find out the most cost-effective and innovative strategies for tapping into that newfound wealth
by Bernice Ross Jun 20
Home lending activity drops at fastest pace in 3 years
Loan activity dropped 11%, the fastest rate of decline since 2019, according to Attom Data Solutions. Refinance, purchase, home-equity mortgages were down in the fourth quarter of 2021
by Taylor Anderson Mar 4
Canadian-based alternative HELOC provider, Fraction, enters US
Fraction, which launched in Canada in February 2021, is open for business in Washington state, with additional states planned later this year
by Matt Carter Feb 2
JP Morgan Chase temporarily terminates HELOC loan offering
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on 'existing customers'
by Marian McPherson Apr 17
Patch Homes co-founder Sahil Gupta on how the finance industry can better serve homeowners
Ahead of ICNY 2020, Gupta shares his views on the complexity of Americans’ financial lives and what the banking industry needs to do to catch up
by Marian McPherson Dec 19