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Daily Roundup; Mortgages Drop in the US, House Prices Drop in Canada, While Jobless Claims Increase

According to reports, US mortgage rates reduced to 5.25% for the first time since late April. This comes after the rates have increased from just about 3.92% in February to over 5.25% recently. At the end of last year, mortgage…

May 20, 2022 at 11:00 am

Mike Cagney’s Figure Launches Black-Check Firm to Raise $250 Million

Figure Technologies Inc. is making plans to launch a special purpose acquisition company (SPAC). Dubbed Figure Acquisition Corp.I, the blank-check firm will enable Figure to raise $250 million, according to a Bloomberg report on February 12, 2021. Figure’s SPAC Ambition …

February 13, 2021 at 11:30 am

Bank of Russia to Develop Digitial Mortgage on Blockchain Platform

Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project. Leveraging Blockchain for Mortgage Issuance According to a report by a local news outlet, Ria, on Thursday (May 28, 2020),…

May 29, 2020 at 5:00 am

Acre Blockchain Project Secures GBP 5 Million from Aviva Insurance and Others

Acre, a blockchain powered mortgage startup based in the UK, has secured a GBP 5 million investment from Aviva Insurance and Sesame Bankhail Group (SBG), a financial advisor, to enable it to grow the platform further. This according to a…

April 2, 2019 at 11:00 pm