Recent growth and contraction in the mortgage, iBuyer and Power Buyer space have resulted in a reshuffling of the largest businesses aiming to disrupt the industry. Mike DelPrete analyzes the players and the strategies they’re using to create change. Continue reading
Site operator Altisource posts its first quarter of sequential revenue growth in nearly three years, according to a quarterly earnings call Thursday. Continue reading
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America’s annual Homebuyer Insights Report released Thursday. Continue reading
Documents filed Monday with the U.S. Securities and Exchange Commission shed new light on just how bad the past 18 months have been for Better. Continue reading
Rocket Mortgage and Amrock, Rocket’s title and settlement company, are offering buyouts to 8 percent of its workforce while Wells Fargo confirmed with Inman that it laid off employees last week. Continue reading
The Power Buyer has doubled its geographic footprint since its $100 million Series D round and now has a presence in 13 markets. Continue reading
With $7 million in Series A funding led by LENx, shared equity startup HomePace will launch homebuyer solution that allows buyers to double their down payments. Continue reading
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Continue reading
Former CoreLogic CEO Frank Martell will oversee loanDepot’s daily operations while Hsieh will continue to play “holistic strategic role” as executive chairman. Continue reading
Agents still face tough conditions despite homebuyer competition, according to a new report from Redfin. Competition is slightly less tough. Continue reading