The Block: Turmoil in the fixed-income market pushed a hot fintech lender to hit the breaks on its signature lending product
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.
Additional Info
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