American homeowners are reportedly living in the age of the HELOC. That stands for home equity line of credit, which — as a Saturday (July 15) Bloomberg News report notes — has become a more popular method of borrowing against the value of consumers’ homes...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline since 1943. All in, consumer credit took a $68.8 billion hit in April, with revolving debts like credit cards taking...
Homeowners have trillions of dollars of untapped, but tappable equity in their properties. Yet, home equity lines of credit have a long way to go before rebounding to where they were since the Great Recession. In an interview with Karen Webster, Mike Cagney, CEO of...
Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. BBVA USA, which has...
December 10, 2019
Homeowners have trillions of dollars of untapped, but tappable equity in their properties. Yet, home equity lines of credit have a long way to go before rebounding to where they were since the Great Recession. In an interview with Karen Webster, Mike Cagney, CEO of Figure Technologies, explains how blockchain can help homeowners get their money faster — and cheaper — as they take on new renovations or pay down other pricey debt.
November 01, 2023
Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. This expansion comes as Figure’s partnership business has experienced significant growth since the third quarter of 2022. One of the recent developments from Figure is the launch of a wholesale […]
July 16, 2023
American homeowners are reportedly living in the age of the HELOC. That stands for home equity line of credit, which — as a Saturday (July 15) Bloomberg News report notes...
November 04, 2019
Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly...
