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The new asset investment funding will be used for the company’s transactions, unlike a December capital raise that is being used to support operations.
January 25 -
Bain Capital and American Family Ventures were among the investors in this funding round for the company, which has more than doubled its staff in the past 12 months.
December 6 -
The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.
August 3 -
Offered through the company’s 11 chartered units in 12 states, the five-year fixed-rate installment loan is secured by the home and is available between $5,001 and $14,999.
August 2 -
The company’s 4Q originations were down from the same time in 2019 and the number of overall loans for 2020 marked a decline from the year before.
January 19 -
When the economy inevitably slides, leaders with a culture based on the mantra, "Treat people like family, and the money will take care of itself," won't need a miracle to survive.
October 6Incenter -
Mortgages taken out to fund business operations can now be modified in bankruptcy. That’s a relief to borrowers — particularly with business failures expected to increase as the pandemic drags on — but a possible headache for banks and investors that hold the loans.
July 20 -
Closing loans is just one way BMO Harris and other banks are looking to use online notarization. But there are obstacles to overcome before it becomes standard practice.
May 14 -
Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.
April 30