Housing Wire
NOVEMBER 22, 2023
Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation. for the IPO.
Appraisal Buzz
MAY 6, 2024
Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. He has led complex business projects and integrations for mergers and acquisitions. Johnston is an experienced industry veteran.
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Housing Wire
AUGUST 25, 2022
Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.
Housing Wire
MARCH 10, 2023
Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Because if the Fannie Mae trend continues, you won’t have any of that business in the future anyway.”
Housing Wire
FEBRUARY 8, 2021
billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. The momentum for non-bank lending is here to stay. “The billion to $2.6
Appraisal Buzz
DECEMBER 20, 2021
Without accurate collateral valuation, lenders could not properly underwrite new loans. The impact on the appraisal business lasted all year. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not.
Housing Wire
MARCH 21, 2022
The fundraise more than doubles Tomo’s valuation to $640 million. We are maniacally focused on improving the purchase mortgage experience and have never been distracted by the temporary profits of the refi business. million seed round for its Canadian real estate valuation platform. Startup HonestDoor also raised a $2.2
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