Origination

COVID-19 concerns, inflation hold back actions that might change current patterns.

The builder was found guilty of stealing over $1 million from home buyers, lenders, businesses and a family member’s special needs trust between 2016 and 2020.

The move generally gets a thumbs up from industry participants, but what can happen in the long-term is uncertain.

The platform, built off a recent acquisition, looks to create efficiency in the growing wholesale lending market.

Speculation has mounted that Mike Calhoun, president of the Center for Responsible Lending, is under consideration to lead the Federal Housing Finance Agency. His nomination would be an endorsement of proposals to treat Fannie Mae and Freddie Mac in a similar way as publicly regulated power or water companies.

But the pace of refinances was at its slowest since July, even as interest rates remained low.

Rather than add debt through a HELOC, the company’s product allows clients to get cash in exchange for a portion of the property's value.

The fintech projects the Series C capital will enable $10 billion in annual housing transactions through its system and expansion to half the U.S.

All of the NTC employees will join Covius, including the company's senior management, following the deal's completion.

The company co-founded by former Zillow CEO Spencer Rascoff raised $125 million from investors including SoftBank Vision Fund 2.