With co-sponsor Redwood Trust, Inc., Point has completed the first-ever securitization backed solely by residential Home Equity Investment agreements. The transaction, which closed on September 23, issued about $146 million of asset-backed securities.
Source: Inman News
Home equity startup Point powers first of its kind securitization
Published in Banking & Lending, Eddie Lim, FinTech, home equity, home equity loans, News Brief, nomura securities, Point, Property Portfolio, securities and securitization
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