Items Tagged with 'HELOC 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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  • Fintech lender Prosper to pay $3 million fine for misleading investors

    Settles SEC charges that it reported inflated returns
    Prosper, a longtime player in the personal lending space, announced plans in November to enter the mortgage arena with a digital HELOC product that promised to disrupt home equity lending. But there's a chance these plans could be put on hold. The SEC announced Friday that Prosper has agreed to pay a $3 million fine to settle charges that it misled to investors by reporting inflated returns.
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