Ex-Subprime Mortgage Trader Bets on Homeowners’ Future Equity

Keri Findley traded subprime mortgage bonds during the Great Financial Crisis. Now, she’s betting on big returns from a home equity product with parallels to one that boomed before 2008.

Tacora Capital Management, the asset-based finance firm Findley started in 2021, has struck a deal to buy up to $300 million worth of borrowers’ future home equity from lender Point Digital, she said in an interview. A recently launched Tacora fund is now accepting outside money, according to a statement, with the fresh capital partly going to back the purchases. Findley has been a member of Point Digital’s board of directors since 2017.