Tagged: mortgage

July 2, 2017 @ 7:01 pm By Erin Hobey  |  

Londoners borrowed another £17 billion in new mortgages last year as the affluent southwest London neighbourhoods of Wimbledon and Wandsworth topped the borrowing league table and and 17 of the top 20 areas for new mortgage lending last year are in London, reported European P2P lending platform Lendy. “Lenders… Read More

May 23, 2017 @ 3:28 am By Jonathan Nieh  |  

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. The company, which is licensed by the Financial Conduct Authority (FCA), plans to launch this summer and will connect customers seeking a home mortgage with brokers and banks. Customers can upload… Read More

April 27, 2017 @ 10:16 am By Erin Hobey  |  

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

April 2, 2017 @ 12:26 pm By Jonathan Nieh  |  

Last Monday, Fintech company cloudvirga, developer of a cloud-based mortgage automation platform, announced it raised $15 Million is Series B funding. Cloudvirga’s trademarked intelligent Mortgage Platform (iMP) automates the entire mortgage workflow process between borrowers and lenders. Central to cloudvirga’s success is its ability to maintain strict… Read More

March 9, 2017 @ 9:10 am By Samantha Hurst  |  

Marketplace lender, LendingHome, announced on Thursday it has launched its next-generation one-stop online mortgage that is designed specifically for the needs of first-time homebuyers. The online lender claims that its online mortgage is the first to prioritize the customer experience by putting control over the process… Read More

March 7, 2017 @ 6:46 am By Erin Hobey  |  

P2P lender RateSetter announced a partnership with national mortgage aggregator Connective which aims to give accredited brokers access to their personal loan products. “We believe natural synergies exist between Connective and RateSetter given both companies were founded as industry disruptors which challenge the status quo… Read More

June 27, 2016 @ 7:41 am By JD Alois  |  

Commercial mortgage marketplace lender LendInvest saw its ARC Ratings affirmed receiving a Limited SQ1 Servicer Quality rating, with stable outlook. Revealed last Friday, ARC stated; “LendInvest, the mortgage marketplace lender, was previously accorded a public SQ1 Servicer Quality rating on 23rd June 2015. Over the past… Read More

April 28, 2016 @ 8:12 am By JD Alois  |  

LendInvest, the leading property marketplace lending platform, has received a £40 million warehouse facility from Macquarie.  The funding will be dedicated to bridge  and buy-to-let loans. The financing from Macquarie brings institutional investment for LendInvest to £230 million.  Macquarie, based in Sydney Australia, is a… Read More

April 11, 2016 @ 9:58 am By Samantha Hurst  |  

On Monday, mortgage marketplace, LendingHome, announced at LendIt 2016 that it has funded over $550 million in mortgage loans and grew loan originations six times in 2015 vs. 2014. LendingHome notably serves borrowers looking for financing to purchase or refinance residential real estate properties. At the same time, it serves… Read More

February 15, 2016 @ 1:47 pm By JD Alois  |  

Peer to peer (marketplace) lending is poised to supplant all types of debt markets. While many platforms have focused on the low hanging fruit of providing consumer credit, online lending will someday soon be the norm across many verticals.  In the UK, the mortgage market… Read More

May 9, 2015 @ 3:00 am By Midori Yoshimura  |  

A new type of mortgage launched by National Family Mortgage, a Massachusetts-based marketplace for peer-to-peer loans, is offering a homeowner’s own family, rather than a bank, the chance to receive tax-free cash borrowed against a home equity line of credit (HELOC), according to a recent story in the Washington Post…. Read More

November 28, 2014 @ 10:16 am By Samantha Hurst  |  

Since launching its peer to peer platform for consumer secured loans, there has been press and in-depth regulatory dialogue, leading to re-confirmation, to all borrowers and lenders that eMoneyUnion do not carry out FCA regulated mortgage activities. The loans originated and transacted on the platform… Read More

December 22, 2013 @ 5:19 pm By JD Alois  |  

Lehman Brothers used to be one of the largest, most successful investment banks in the country.  At the beginning of the financial crises Lehman collapsed as the strain of subprime loans tanked in value.  Lehman filed for bankruptcy in 2008 and remains in the courts… Read More

November 6, 2012 @ 3:22 am By JD Alois  |  

A young Israeli couple is raising the money to build their new home using crowdfunding, a method that until now was used mostly by politicians and celebrities. On Thursday Linoy and Ohad Rotem registered their “Social Justice House” as a project on the Headstart website,… Read More