LeadPoint, an online leads exchange marketplace with offices in Los Angeles and London, has obtained $2 million in series C financing from the European Founders Fund, a venture investment company.LeadPoint said it will use the funding to drive growth in the United Kingdom and the rest of Europe. "We believe LeadPoint could be the next Ebay or Google in the B2B Internet space," said Oliver Samwer, principal of the European Founders Fund. "What is revolutionary about LeadPoint is that it brings an auction-style model to the lead generation business. Buyers can bid for the specific types of leads they are looking for and lead sellers can reach the broadest possible range of pre-screened buyers in one location, making the entire lead-gen value chain more efficient and profitable for all parties involved." Founded in 2004, LeadPoint is the world's largest online leads exchange marketplace, according to the company, and has traded over 900,000 leads in 2006. It be found online at http://www.leadpoint.com.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
8h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
9h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16