Tag Archives: mortgage

Layoffs hit rent-to-own company Home Partners of America

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Layoffs come a week after the shutdown of RealSure, Home Partners’ iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management. Continue reading →

How Offerpad execs plan to pivot from seller’s to buyer’s market

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Executives at the iBuying pioneer see tremendous opportunity if they can negotiate today’s challenging “in-between” phase where buyers and sellers are on the fence. Continue reading →

Homebuyer loan requests jump 25% as mortgage rates continue to fall

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After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading →

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

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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

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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

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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

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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

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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

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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 →