‘I blundered’: Better CEO apologizes to workers after layoffs go viral

Better CEO Vishal Garg has apologized to the mortgage company’s staff, saying he failed to show adequate respect for the 900 former employees who were let go last week. Continue reading

Better CEO under fire after Zoom call layoffs go viral on TikTok

The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions. Continue reading

After rocky November, rates for 30-year mortgages stabilize above 3%

The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey. Continue reading

Ribbon jump-starts 2022 expansion push with 2 new markets

The homeownership startup has December and January launches planned for markets in Alabama and Virginia. The company plans to be in 25 states by the end of next year. Continue reading

Recent pullback in mortgage rates lifts outlook for home demand

A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading

Blend’s Q3 earnings take a hit as $54M in IPO compensation vests

The cloud banking software developer raises full-year revenue guidance by $13 million as it signs new clients, launches new products and integrates Title365 acquisition. Continue reading

Rise in mortgage rates sees hiccup — but don’t expect it to last

The dip in mortgage rates this week was small compared to the rise recorded over the last month. Economists say they expect more increases. Continue reading

Ryan Serhant’s finance firm expands business to South Florida

The company’s services are now available to agents and brokerages in South Florida that want to receive their commissions up front. Continue reading

Homeward founder says agents can lead real estate’s tech revolution

Tim Heyl, CEO of real-estate startup Homeward, says brokers know the issues that can be solved by technology and investment. Continue reading

Rates for 30-year mortgages reach highest point since early spring

Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions. Continue reading