VC-backed Roam seeks to connect buyers to assumable mortgages

In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing. Continue reading

Silicon Valley Bank, proptech hub for real estate clients, collapses

In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO. Continue reading

California Regional MLS launches venture fund, invests in Perchwell

CRMLS CEO Art Carter says the fund will serve agents’ and brokers’ need for “high-quality technology that enables them to do their jobs without worrying about how their data gets used.” Continue reading

Opendoor acquires digital mortgage company

San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer’s lending services. Continue reading

Opendoor co-founder slams Zillow, calls portal’s tech ‘horrible’

Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer “even greater losses than they admit.” Continue reading

These venture capitalists predicted Zillow Offers’ demise

Opendoor co-founder Keith Rabois and “The Big Short” investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they see that others didn’t? Continue reading

Insurtech startup Jetty raises $25M

Jetty, a startup offering low-cost insurance options for renters, just raised $25 million in the latest Series B funding round. Continue reading

Real estate’s new disruptors: The ‘PayPal Mafia’

A group of hard-charging, investor-entrepreneurs who have built some of the world’s most iconic tech companies have launched a multi-pronged assault on the real estate industry. Continue reading