Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading
Card issuer Wells Fargo is losing as much as $10 million a month as it eats interchange fees for users who are paying off balances after paying their rent, “The Wall Street Journal” reports. Continue reading
Rental industry software provider Findigs has raised $27 million in a Series B round, bringing its total raised to date to $48 million. Continue reading
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading
A company that builds software for homeowners’ associations, PayHOA, landed a Series A funding round of $27.5 million. Continue reading
Era Ventures, led by Clelia Peters, was the lead investor in the round, its second since October, according to an announcement Thursday. Khosla Ventures and Pear VC also contributed to the round. Continue reading
San Francisco-based title tech provider, set to be acquired by Title Resources Group, posts a $20.6 million Q1 2024 net loss, down 46 percent from a year ago. Continue reading
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021. Continue reading
Backflip, a company that built an application to help investors analyze and finance properties to flip, has secured a $15 million Series A round of funding. Continue reading
AI, green building and energy transition, and property and transaction management solutions are still seen as stable investments by VC firms, recent reports show, despite an overall decline in investments in proptech. Continue reading