Knock increases bridge loan for home prep to $35,000

The six-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home. Continue reading

5 key questions to ask your seller facing foreclosure

If you are considering taking on a foreclosure listing, you need to make sure it is the best solution for all involved parties. Listing expert Minna Reid says you need to ask these five questions before you list the home for sale. Continue reading

Lower signs Opendoor as first mortgage platform customer

Lower’s “mortgage as a service” platform lets brands offer digital-first mortgages through application programming interface and no-code solutions. Continue reading

Splitero’s $11.7M Series A takes aims at HELOC market

San Diego-based Splitero has secured more than $1 billion in total financing to back its model, which offers cash payments, or Home Equity Investments (HEI), to homeowners of up to $500,000 without income or credit score requirements and no monthly pay… Continue reading

Opendoor in 2023: The iBuying king and a business model in turmoil

Opendoor faces a fight for survival after “an abrupt strategy pivot” sent Opendoor into 2023 “without a proven business model.” Here are the five biggest challenges facing the king of a troubled business model. Continue reading

City National Bank to pay at least $31M to settle redlining charges

The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining. Continue reading

Brokerage executives predict falling profits, economic decline in 2023

Real estate leaders are pessimistic about the state of the economy, but nevertheless upbeat about their ability to take share in a chaotic market, according to a new survey from Delta Media Group. Continue reading

Inman unveils inaugural 2023 Power Players awards

With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards. Continue reading

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Continue reading

Wells Fargo exiting correspondent mortgage lending business

Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. Continue reading