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Point raises $115 million in Series C funding

Housing Wire

The tight housing market is the best thing that can happen in our business. While it’s not good for mortgage refinancing companies, we’re counter-cyclical to rising rates,” Lim added, referring to the $25 trillion home-equity market. Here’s what servicers should be doing to anticipate tax issues this year. Presented by: LERETA.

Investors 384
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Fractional home-equity lender Point raises $115 million 

Housing Wire

Point’s HEI contracts — which have 10- or 30-year maturities, the latter the standard since early 2020 — address many variables in a complicated, nuanced housing market. Last year, investor Redwood and Point, the latter founded in 2014, completed a first-of-its- kind securitization backed by HEI contracts.

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