Ribbon slashes one-third of workforce to adjust to ‘new reality’

After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading

HomeLight joins growing list of companies announcing layoffs

The company announced job cuts Wednesday, saying it needed to focus on growing in a “sustainable way.” Numerous other companies have also cut jobs as the housing market shifts. Continue reading

Lower launches ‘Realtor agnostic’ cash-offer service, MortgagePass

Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading

IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?

Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie. Continue reading

Homepoint is first wholesale lender with cash offer product

Powered by Accept.inc, Homepoint Cash Compete program is available at launch in six states: California, Colorado, Minnesota, Oregon, Texas and Washington. Continue reading

Lower partners with Orchard to offer Power Buyer services

As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading

Power Buyer Orchard now serving first-time homebuyers

After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. Continue reading

Power buyer Homeward floats into Florida with Miami, Tampa launch

Texas-based power buyer Homeward launched in Florida on Tuesday. Buyers will be able to request cash offers and use the platform’s mortgage and title services. Continue reading