Home equity startup Point powers first-of-its-kind securitization

Fintech platform Point and specialty finance company Redwood Trust, Inc. announced on Tuesday completion of what the companies claim is the first-ever securitization backed solely by residential Home Equity Investment (HEI) agreements. The transaction, which closed on September 23, issued about $146 million of asset-backed securities. Point originated all the HEIs included in the deal, and will continue servicing those assets.

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