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Easy Bags $35 Mn To Offer Mortgage-Backed Loans Easy was founded in 2017. It is a home finance company that offers loans which are paperless mortgage backed and also offers other financial services to its home buyers. The fintech startup has raised $35 million in funding to offer mortgage-backed loans to home buyers. Here are the key details about the development(Easy bags $35 Mn): Easy Bags $35 Mn Easy bags $35 million in funding to expand its mortgage lending operations. This will help the startup to provide more mortgage-backed loans to authentic home buyers. The startup aims to make the home buying process more accessible. Some key aspects of their approach likely include: Use the latest technology to streamline the process of mortgage application and its approval. It can offer competitive interest rates. Easy can use mortgage-backed securities (MBS) to fund their loan offerings Mortgage-Backed Securities Easy bags $35 Mn. The model of the startup involves mortgage-backed securities. Some important points about MBS are: They allow lenders to sell mortgages to investors so that they can have more capital to make more loans. MBS (mortgage backed securities) issued by agencies like Fannie Mae and Freddie Mac are low risk, because they are government backed. MBS (mortgage-backed securities) provide steady cash flow to investors through mortgage payments. They may provide greater returns than other types of fixed income investments. Potential Benefits for Home Buyers Easy’s mortgage-backed loan offerings could provide advantages for home buyers such as: It will have an easier qualification process as compared to traditional lenders Buyers can have access to mortgage financing for those who may struggle to qualify elsewhere It provides competitive rates and terms to make home ownership more affordable Industry Context The funding comes at a time when the mortgage and housing markets have evolved significantly: Mortgages became more accessible to average Americans starting in the 1930s, leading to increased home ownership rates. Government-backed entities like Fannie Mae and Freddie Mac have played a major role in expanding the mortgage market. The 2008 financial crisis led to stricter lending regulations, but new fintech lenders are now entering the space. While Easy bags $35 Mn, the exact loan terms and qualifications are not provided, their tech-enabled approach and use of mortgage-backed securities aim to make home loans more accessible to buyers in today’s market.