Items Tagged with 'home equity lending'

ARTICLES

  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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  • Why aren't more people tapping into their home equity?

    Homeowners have record amounts of housing wealth, so why are they so reluctant to use it?
    Homeowners have a nice stockpile of pent-up wealth in their homes and home prices continue to appreciate. And, it seems that every quarter a new startup emerges promising to disrupt the home equity space by giving homeowners a better, faster, cheaper or even debt-free way to tap into the wealth in their homes. And yet, so many Americans appear to be reluctant to take this route. What gives? We talked to a number of experts for their take.
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  • PennyMac jumps into home equity business

    Rolls out HELOC product for existing customers
    PennyMac is betting on opportunity in home equity lending, announcing Friday that its Loan Services subsidiary will now offer HELOCs. The nonbank's foray into home equity lending comes at an interesting time, as some experts say certain market dynamics signal the likelihood of an impending home equity boom, while others are saying quite the opposite.
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  • BofA: Home equity lending will be flat in 2019

    Here's why
    Some market analysts have predicted a pending boom in home equity lending, while others are not so sure. Bank of America sits firmly in the latter group. "There’s a case for it, and there’s a case against it," said SVP of Consumer Lending David Doyle, enumerating the reasons why "we do not predict it will explode."
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  • Will 2019 bring a boom in home equity lending?

    Economists weigh in
    Certain dynamics shaping the market have led the occasional forecaster to predict a boom in home equity lending. Mortgage rates are rising, they say, prompting more to stay put and tap into their equity instead. So does this mean 2019 will see home equity lending soar? HousingWire asked three economists to weigh in, and here's what they had to say.
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  • ComplianceEase anticipates growth in home equity lending

    Announces platform updates to ease compliance concerns for HELOC lenders
    ComplianceEase is one of many companies betting on growth in the home equity market. The fintech company's ComplianceAnalyzer now has the ability to audit HELOCs for state licensing requirements and more. ComplianceEase President John Vong said the company is responding to growing interest from banks and nonbanks in home equity lending.
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  • JPMorgan Chase picks Black Knight to power its home equity originations

    Will use LoanSphere Empower to originate home equity loans
    JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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  • Former SoFi CEO Mike Cagney founds new lending startup, pivots to blockchain

    Figure will specialize in home equity lending
    After abruptly resigning from SoFi amid a swirling controversy about the workplace culture at the online lender, Mike Cagney has resurfaced… and he’s pivoting to blockchain. Cagney helped found a new lending startup called Figure, which will apparently be specializing in home equity lending with blockchain technology serving as a key component of the company’s business plan.
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