Tag Archives: mortgage

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 →

Brokerage executives predict falling profits, economic decline in 2023

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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

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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

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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

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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 →

Blend cuts nearly 30% of workforce in blistering 4th round of layoffs

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Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers. Continue reading →

Defy Mortgage launches as new player in non-QM lending

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Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide is accepting alternative forms of income and assets including cryptocurrency. Continue reading →