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Figure, the startup headed by Mike Cagney, uses blockchain technology to provide home equity loans in as little as five days. It intends to use the newly raised funds to offer other services, including wealth management.
February 27 -
Home prices in the Portland, Ore., area rose last year at their slowest rate since 2012.
February 27 -
Mortgage applications increased 5.3% from one week earlier, as the stable rate environment enticed homebuyers into the market, according to the Mortgage Bankers Association.
February 27 -
The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services.
February 27 -
San Diego Mayor Kevin Faulconer thinks his city has said "no" to housing for too long.
February 27 -
Credit risk transfer does more than just reduce exposure to a downturn in the housing market. It also provides them with information about how others view mortgage credit risk.
February 27 -
Slower home price growth and cooled mortgage rates could bring buyers out in droves in 2019, according to NerdWallet.
February 26 -
Altisource Portfolio Solutions recorded multimillion-dollar net losses in the fourth quarter and the full year for 2018, due to the reduction of the Ocwen Financial servicing portfolio and other repositioning activities.
February 26 -
Being too dependent on the automated underwriting tools created by the government-sponsored enterprises to originate loans underlying private-label mortgage-backed securitizations could negatively affect their credit quality, a report from Moody's said.
February 26 -
Home prices in 20 U.S. cities rose in December at the slowest pace in four years, continuing to decelerate as buyers balked at purchases amid still-elevated housing costs and a falling stock market.
February 26 -
New-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.
February 26 -
If confirmed to lead the Federal Housing Finance Agency, Mark Calabria would have a central role in any efforts to reform the government-sponsored enterprises Fannie Mae and Freddie Mac
February 26 -
Home values are on the rise this year for a majority of Pima County, Ariz., homeowners, but it's too early to tell whether that will lead to a similar increase in their property tax bills.
February 26 -
Baton Rouge-area home sales were down 10.9% in January compared to the year before, the sixth month in a row year-to-year activity was down.
February 26 -
Without the ability to issue unsecured debt nearly as cheaply as U.S. Treasury bonds, Freddie Mac could not afford to repurchase defaulted loans from MBS, Freddie CEO Don Layton said.
February 26 -
Policymakers could improve independent mortgage banks' financial stability by giving these companies improved access to liquidity, according to the Mortgage Bankers Association.
February 25 -
Rising household incomes paired with December's drop in mortgage rates gave consumers their largest monthly jump in home buying power since 2013, according to First American Financial Corp.
February 25 -
Mortgage prepayment speeds fell to a 19-year trough despite recent interest rate declines, but could rise if those lower rates lead to an increase in home purchases, according to Black Knight.
February 25 -
Palm Beach County, Fla., home sales plummeted in January to their lowest level since the Great Recession, a drop that reflected consumer concern about rising mortgage rates and an overall slowing in the real estate market.
February 25 -
Single-family home sales in Maine dropped almost 13% in January, compared with a year ago, although prices held steady, according to Maine Listings.
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