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Home equity alternative Point raises $122M in new funding

Pending home sales fell by more than expected in February After reporting U.S. new home sales at their highest level in over four years in the previous month, the Commerce Department released a report on Tuesday showing that new home sales pulled back by more than expected in the month of February.

Point, which enables homeowners to tap into some of their home equity using a model similar to a reverse mortgage, reports that it has raised $22 million in Series B equity funding as well as a platform capital commitment of $100 million which it will use to fund its ongoing expansion.

Purchase share grows, closing times shrink ahead of spring market Manhattan home resales drop as tax overhaul sidelines buyers nmi stock offering enhances future capital raising abilities Eric Weisbrot Purchase share grows, closing times shrink ahead of spring market The home purchase loan share is up and closing times are down ahead of an expected healthy spring buying season, and declining mortgage rates could be a reason, according to Ellie Mae.

Guardian Private Equity. lowest point, with only $35bn raised by 75 funds, the worst performance since 2003. "Fundraising conditions have been extremely challenging in 2009, with a significant.

Home equity alternative point raises 2m in new funding. Point, which provides an alternative to traditional home equity lending products, has raised $122 million in new capital from eight. Read More . MERS owner to acquire Simplifile as mortgage eNote usage grows ICE will pay $335 million to acquire Simplifile. is registered on the MERS eRegistry. Digital solutions such as the eNote are gaining traction and represent an important step towards a fully.

Point, a Palo Alto, CA-based financial technology platform that allows homeowners to open home equity wealth without taking on new debt, has agreed to a forward flow purchase program with.

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NMI stock offering enhances future capital raising abilities Millennial mortgages close rapidly as low rates raise purchasing power Inventory keeps contracting as higher rates deter sellers: Redfin Millennial mortgages close rapidly as low rates raise purchasing power millennials closed mortgage loans at their fastest pace in four years as lower interest rates pushed up purchasing power and incentivized them to pull the trigger, according to Ellie Mae.

Point, a Palo Alto, CA-based financial technology platform driving home equity investments, secured $122m in debt and equity funding FinSMEs is the news site for venture capital and private equity.

Two acquisitive mortgage bankers see first-quarter profits fall

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New-home sales declined more than forecast in December GSEs transfer $5.5B of credit risk in 1Q: FHFA Private Mortgage Insurance Company Results and News: Solid 2nd Quarter – “Q: How do you transfer funds even faster. Some analysts believe that the GSEs’ (Fannie & Freddie) mandate to share risk with private capital "should be a long-term opportunity for ESNT to invest.

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Point Raises $8.4 Million To Grow Home Equity Loan Alternative Americans have $18 trillion worth of equity in their homes, so the opportunity is as big as they come. For most homeowners the home is by far their biggest asset, with equity built up through years of mortgage payments.