Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading

What’s your top tech hack? Pulse

This week, we’re asking: What top tech hack do you pride yourself on knowing, whether you learned it in a CE class or on your own? Continue reading

Homebuyer activity shows pulse as mortgage rates dip below 5%

Redfin’s Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday. Continue reading

Opendoor is in $62M worth of legal trouble: The Real Word

This week, Byron Lazine discusses Opendoor’s recent $62 million settlement of its legal troubles with the FTC plus a flawed study of DOM. Continue reading

Santander Bank sends homebuyers to Rocket Mortgage for loans

The bank’s website is set up to funnel homebuyers to RocketMortgage.com, where Santander customers are informed they’re eligible for special loan pricing and a savings of $500 at closing. Continue reading

Rocket stays profitable by a hair in Q2 after cutting $300M in expenses

In addition to shedding workers, the parent company of the nation’s biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal, according to an earnings report Thursday. Continue reading

New twists on home lending create opportunities for agents

As technology changes the way people think about homeownership, real estate agents will still be part of the picture say execs of EasyKnock, Flyhomes and Zillow at Inman Connect Las Vegas. Continue reading

Virtual brokerage Radius launches mortgage arm in California

The company’s move into mortgage lending comes on the heels of a $14 million Series A round led by Trulia co-founder Pete Flint’s NFX Ventures. Continue reading

Agents, brokers advised to seize the moment as mortgage rates retreat

Seek lenders who have the tech, people skills and product set to get would-be homebuyers off the fence and to the closing table, Knock and Maxwell executives told attendees at Connect Las Vegas. Continue reading

Will lower mortgage rates revive homebuyer demand?

The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA’s survey says. Continue reading