After turning $29M profit on $191M revenue and $6B in home equity lending, Figure’s IPO underscores push to reshape non-agency markets
Tagged: HELOC
Analysts see stable loan performance and softening rates, while insurance costs rising and inventory stalling
Blockchain lender founded by SoFi’s Mike Cagney seeks to raise over $500 million, betting on faster HELOCs and digital lending infrastructure
Integration aims to boost borrower recapture for lender-servicers
Prepayments spike, foreclosure activity up, inventory closing gap to pre-pandemic levels, HELOC opportunities growing, and more
$191M inaugural offering sees strong investor interest; company says it plans to package more HELOCs alongside Non-QM securitizations
Home equity lending veteran to partner with brokers ‘to make HomeEQ the go-to solution for clients’
High interest rates and low housing supply stall homeowners, according to a new TD Bank survey
Yet, ICE's report finds many homeowners remain historically reluctant to tap their home equity
Currently handling only HELOCs, Figure Connect has new products coming soon, says Chief Capital Officer.