Turmoil in the fixed-income market pushed a hot fintech lender to hit the breaks on its signature lending product
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Quick Take
- Figure, the red-hot blockchain firm, has paused origination of HELOC loans.
- The company reported its HELOC lending product saw a surge in applications following the Federal Reserve’s slash of interest rates
- But dysfunction in the mortgage bond market has made it difficult for the firm to price its loans.
Figure, the red-hot fintech firm, is no longer originating HELOC loans.
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