Takara launches DREAM mortgage mobility program with Great Lakes Credit Union
Takara, an Israeli-founded fintech company focused on expanding housing affordability solutions in the United States, has launched DREAM (Discount for Real Estate Affordability and Mobility) in partnership with Great Lakes Credit Union (GLCU).
The program is designed to address the mortgage “lock-in” effect in the US housing market by enabling eligible borrowers to repay existing mortgages at a discounted balance, thereby increasing member mobility in a market constrained by low fixed-rate loans.
Chapman and Cutler LLP advised Takara in connection with the launch of DREAM in the United States. The team was led by partner Michael Friedman, head of the firm’s Israel practice, and included partners Paul Carman, Eric Manor, Heath Martin, Tobias Moon and Simone Tatsch, senior counsel Judy Chen, and associate Carson Klarck (Banking & Structured Finance).
