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Blend receives $150M infusion from Haveli Investments

Housing Wire

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements.

Investing 404
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Legacy Group Capital acquires home equity investment fintech Rook Capital

Housing Wire

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

Investing 385
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Downes named president of Enterprise Housing Credit Investments

Housing Wire

Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise.

Investing 351
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Technology’s role in rental property investment market

Housing Wire

Real estate investments have long been a key pathway to wealth in the U.S. Among the variety of investment opportunities within the sector, rental properties have been in the spotlight as a steady income source. The strength of the U.S.

Investing 414
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Investment property lender Kiavi closes $300M securitization 

Housing Wire

The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday.

Investing 298
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Radian Group announces strategic investment in FinLocker 

Housing Wire

Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Terms of the deal were not disclosed. .” FinLocker also does both of those things,” said Radian’s CEO Rick Thornberry. “As

Investing 405
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Optimal Blue CEO Scott Smith on making the right tech investments

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. We have a pretty strong investment being part of Constellation Software now. Sarah Wheeler: What differentiates your tech? 1 provider.

Investing 386