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Cryptocurrency

Rate will consider crypto, stablecoins in underwriting

Cryptocurrency, LOAN PRODUCTS, Originations /

Retail giant Rate is embracing cryptocurrency and stablecoins for prospective home buyers, who accumulated wealth in the digital assets.  Processing Content The Chicago-based lender is rolling out RateFi, a product allowing buyers to access purchase, refinance, second-home and investment property loans, without liquidating their crypto or stablecoin. The offering is Rate’s first step in a […]

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Figure CEO Michael Tannenbaum on partnering with Bed Bath & Beyond

Blockchain, Cryptocurrency, Figure Technologies, HWmember, Mortgage, Partnerships, Technology /

The parent company of Bed Bath & Beyond is moving deeper into financial services through the launch of a personal finance platform that will offer home loans in partnership with Figure Technologies. The initiative, tied to the company’s pending acquisition of Tokens.com, aims to combine traditional lending with blockchain-based asset finance. The news prompted a

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Figure helps Bed Bath & Beyond enter mortgage finance

Blockchain, Cryptocurrency, M&A, Mortgage technology, Technology /

Bed Bath & Beyond is moving into mortgage and home equity finance through a deal that leans heavily on Figure Technologies’ lending and tokenization infrastructure.   Processing Content The company announced Monday that it has acquired Tokens.com, a blockchain-based platform that will serve as the foundation for a new investment and personal finance business.  

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Newfi Lending expands DSCR program to accept crypto reserves

Cryptocurrency, Mortgage, Non-QM, Origination, Real Estate Investing, Underwriting /

Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirements without liquidation. The updates are aimed at real estate investors who hold digital assets

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Megatel Homes will launch crypto rewards for renters and buyers

Cryptocurrency, First-Time Homebuyers, Homebuyers, Renters, The Builder's Daily /

MegPrime, an affiliate and subsidiary of Texas-based Megatel Homes, is set to launch its digital currency, the MP Token, designed as a rewards platform that renters and homeowners can tap into as a financial path to homeownership. As an inducement to participate in the rewards MP Token program, the program will offer up to $25,000

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Newrez announces plan for crypto in originations

Newrez announces plan for crypto in originations

Cryptocurrency, Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans.  Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without

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Crypto-backed mortgages test risk and reward for lenders

Cryptocurrency, Originations, Servicing, Underwriting /

As the Trump administration pushes crypto further into the mainstream, some lenders are testing whether digital assets can open the door for borrowers who don’t fit the traditional mold and whether the trade-off is worth the risk. Processing Content In June, the Federal Housing Finance Agency director Bill Pulte urged Fannie Mae and Freddie Mac

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Top Ethereum treasury enters manufactured housing market

Top Ethereum treasury enters manufactured housing market

Cryptocurrency, Housing affordability, Mortgage technology, Originations /

Aerial View of a Manufactured, Mobile, Prefab Home Being Removed from a Lot in a ParkGreg Kelton – stock.adobe.com ETHZilla, one of the largest Ethereum treasuries in the United States, is entering the housing market with a recent partnership, further expanding its move toward real-world assets. Processing Content The technology company announced a deal Wednesday

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OCC says banks may broker crypto assets for customers

Cryptocurrency, OCC, Politics and policy, Regulation and compliance /

Key insight: Banks may now execute crypto transactions on behalf of counterparties in the same manner as they execute trades through a securities brokerage. Supporting data: Interpretive Letter 1188 affirms that market risk is minimized through near-instant offsetting trades, leaving banks with only limited credit exposure. Forward look: Comptroller Gould has been highlighting the value

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Figure files first blockchain-native equity to shake up equity stack

Cryptocurrency, IPOs, Mortgage technology /

Figure filed for a proposed offering of its new Blockchain Stock Monday, with hopes of disrupting the vertical equity stack. The Blockchain Stock will be a blockchain-native class of equity securities, trade on Figure’s alternative trading system and will be convertible one-for-one into shares of Figure’s Class A Common Stock, the company said in a

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