Better is turning to crypto-linked capital to fund as much as $500 million in mortgages, betting the move can double originations and eventually push borrower rates below 5%. Processing Content The lender is partnering with Framework Ventures to tap funding through the Sky stablecoin ecosystem, positioning the platform as an alternative source of warehouse liquidity […]
Better taps crypto funding to target sub-5% rates Read More »
Consumer debt accelerated in December, driven by substantial growth in first mortgage and home equity lines of credit balances, a new industry report showed. Processing Content Total consumer debt in the United States reached $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax’s fourth quarter consumer
Consumer debt accelerates in December, fueled by mortgages Read More »
Wholesale and correspondent mortgage firm Lendermac announced it had reached an agreement to acquire Direct Mortgage Corp., the latest deal in the current wave of industry consolidation. Processing Content The move aims to bolster the national presence of Cypress, California-based Lendermac and facilitate its efforts to create a scaled multichannel platform that supports future expansion,
Non-QM specialist Lendermac acquires Utah’s Direct Mortgage Read More »