With home values getting slammed and mortgage volumes falling off a cliff, there's probably a better time to raise money as a mortgage company.
That hasn't stopped Canadian mortgage broker and technology provider, Pineapple. The company has filed to raise over $17 million in a U.S. initial public offering (IPO).
It caps a year in which a herd of online mortgage companies roped in investor dollars. To the best of our knowledge, almost none of them (Ratehub being one possible exception) are profitable.
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
