Tag Archives: FinTech

HELOC volumes are surging as refinances fall: TransUnion

As mortgage rates rise, consumers are pivoting away from cash-out refinances and toward HELOCs, a shift that many lenders are looking to take advantage of going forward.  TransUnion reported the volume of new home-equity lines of credit increased in the fourth quarter of 2021 by 31% year over year, from 212,303 to 278,230. Home-equity loan […]

Fintech firm Propflo closes pre-seed funding

The platform includes an ‘Experian-like’ proprietary property score that homeowners can add context to, as well as sustainability insights and support to prepare sellers and buyers. It was founded by proptech entrepreneur Luke Loveridge, chief executive of the firm, and geospatial and risk data scientist Dr Daniel Moyo.   The business has a strong advisory team including […]

Credit-building fintech to provide rent data to all ‘big 3’ bureaus

Self Financial Inc. has become approved to submit consumer rent-payment history to all “big 3” credit bureaus, potentially furthering growing efforts to qualify thin-file mortgage applicants with this .rmation. The fintech firm, which was founded in 2015 and offers a consumer credit-building subscription service, leveraged its recent acquisition of RentTrack in the move. RentTrack receives […]

We’ve seen a contraction of 70% in refinance activity, says Valley Bank CEO Robbins

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Ira Robbins, Valley Bank CEO, joins ‘Power Lunch’ to discuss the impact of rising mortgage rates on regional banks and consumers refinancing their mortgages. source