Tacora Capital Management buys future home equity from Point Digital

1 articles · Updated · Bloomberg · Apr 29

Tacora Capital, led by Keri Findley, agreed to purchase up to $300 million in borrowers’ future home equity from Point Digital.
A newly launched Tacora fund is now accepting outside investment, with part of the capital supporting these equity purchases.
Findley, who previously traded subprime mortgage bonds, has served on Point Digital’s board since 2017 and is targeting returns from a product reminiscent of pre-2008 financial instruments.

With Tacora Capital suing a coal company for fraud, can investors trust its due diligence on home equity?

Is Keri Findley's $300M bet a genius move or a repeat of the 2008 subprime crisis?

Why is Peter Thiel backing a fund investing in products being compared to pre-2008 subprime loans?

As states like Maine crack down on these deals, is this $300M investment already on shaky legal ground?

When home values stagnate, how do investors in these complex equity deals actually make significant returns?

Could this new wave of home equity deals trigger the 'cockroach' problem Jamie Dimon warned about?