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As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.
July 28
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The agreement with D2 Asset Management doubles the firm's previous commitment to Unlock, as current economic trends provide momentum for the growing sector.
July 23
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A "large institutional investor" will provide funding to assist Rithm in acquiring as much as $1.5 billion worth of residential transition loans.
July 22
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3
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While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.
June 27
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The product, as well as the housing market, is different today than what it was two decades ago, where some feel it was a cause of the financial crisis.
June 3
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The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.
May 5
